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CONVFINQA10881	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nwe prepare estimates of research and development costs for projects in clinical development , which include direct costs and allocations of certain costs such as indirect labor , non-cash compensation expense , and manufacturing and other costs related to activities that benefit multiple projects , and , under our collaboration with bayer healthcare , the portion of bayer healthcare 2019s vegf trap-eye development expenses that we are obligated to reimburse . our estimates of research and development costs for clinical development programs are shown below : project costs year ended december 31 , increase ( decrease ) ( in millions ) 2009 2008 . <table class='wikitable'><tr><td>1</td><td>project costs ( in millions )</td><td>project costs 2009</td><td>2008</td><td>( decrease )</td></tr><tr><td>2</td><td>arcalyst ae</td><td>$ 67.7</td><td>$ 39.2</td><td>$ 28.5</td></tr><tr><td>3</td><td>vegf trap-eye</td><td>109.8</td><td>82.7</td><td>27.1</td></tr><tr><td>4</td><td>aflibercept</td><td>23.3</td><td>32.1</td><td>-8.8 ( 8.8 )</td></tr><tr><td>5</td><td>regn88</td><td>36.9</td><td>21.4</td><td>15.5</td></tr><tr><td>6</td><td>other antibody candidates in clinical development</td><td>74.4</td><td>27.4</td><td>47.0</td></tr><tr><td>7</td><td>other research programs & unallocated costs</td><td>86.7</td><td>72.1</td><td>14.6</td></tr><tr><td>8</td><td>total research and development expenses</td><td>$ 398.8</td><td>$ 274.9</td><td>$ 123.9</td></tr></table> for the reasons described above in results of operations for the years ended december 31 , 2010 and 2009 , under the caption 201cresearch and development expenses 201d , and due to the variability in the costs necessary to develop a pharmaceutical product and the uncertainties related to future indications to be studied , the estimated cost and scope of the projects , and our ultimate ability to obtain governmental approval for commercialization , accurate and meaningful estimates of the total cost to bring our product candidates to market are not available . similarly , we are currently unable to reasonably estimate if our product candidates will generate material product revenues and net cash inflows . in 2008 , we received fda approval for arcalyst ae for the treatment of caps , a group of rare , inherited auto-inflammatory diseases that affect a very small group of people . we currently do not expect to generate material product revenues and net cash inflows from the sale of arcalyst ae for the treatment of caps . selling , general , and administrative expenses selling , general , and administrative expenses increased to $ 52.9 million in 2009 from $ 48.9 million in 2008 . in 2009 , we incurred ( i ) higher compensation expense , ( ii ) higher patent-related costs , ( iii ) higher facility-related costs due primarily to increases in administrative headcount , and ( iv ) higher patient assistance costs related to arcalyst ae . these increases were partly offset by ( i ) lower marketing costs related to arcalyst ae , ( ii ) a decrease in administrative recruitment costs , and ( iii ) lower professional fees related to various corporate matters . cost of goods sold during 2008 , we began recognizing revenue and cost of goods sold from net product sales of arcalyst ae . cost of goods sold in 2009 and 2008 was $ 1.7 million and $ 0.9 million , respectively , and consisted primarily of royalties and other period costs related to arcalyst ae commercial supplies . in 2009 and 2008 , arcalyst ae shipments to our customers consisted of supplies of inventory manufactured and expensed as research and development costs prior to fda approval in 2008 ; therefore , the costs of these supplies were not included in costs of goods sold . other income and expense investment income decreased to $ 4.5 million in 2009 from $ 18.2 million in 2008 , due primarily to lower yields on , and lower balances of , cash and marketable securities . in addition , in 2009 and 2008 , deterioration in the credit quality of specific marketable securities in our investment portfolio subjected us to the risk of not being able to recover these securities 2019 carrying values . as a result , in 2009 and 2008 , we recognized charges of $ 0.1 million and $ 2.5 million , respectively , related to these securities , which we considered to be other than temporarily impaired . in 2009 and 2008 , these charges were either wholly or partly offset by realized gains of $ 0.2 million and $ 1.2 million , respectively , on sales of marketable securities during the year. .\nQuestion: what were the research and development costs related to vegf trap-eye in 2009?\n" }, { "role": "agent", "content": "27.1" } ]
CONVFINQA7787	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries management 2019s financial discussion and analysis the volume/weather variance is primarily due to an increase of 1402 gwh , or 1% ( 1 % ) , in billed electricity usage , including an increase in industrial usage and the effect of more favorable weather . the increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers , partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers . the waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $ 32 million recorded in 2015 related to the uncertainty associated with the resolution of the waterford 3 replacement steam generator project . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . the miso deferral variance is primarily due to the deferral in 2014 of non-fuel miso-related charges , as approved by the lpsc and the mpsc . the deferral of non-fuel miso-related charges is partially offset in other operation and maintenance expenses . see note 2 to the financial statements for further discussion of the recovery of non-fuel miso-related charges . the louisiana business combination customer credits variance is due to a regulatory liability of $ 107 million recorded by entergy in october 2015 as a result of the entergy gulf states louisiana and entergy louisiana business combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . see note 2 to the financial statements for further discussion of the business combination and customer credits . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2015 to 2014 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2014 net revenue</td><td>$ 2224</td></tr><tr><td>3</td><td>nuclear realized price changes</td><td>-310 ( 310 )</td></tr><tr><td>4</td><td>vermont yankee shutdown in december 2014</td><td>-305 ( 305 )</td></tr><tr><td>5</td><td>nuclear volume excluding vermont yankee effect</td><td>20</td></tr><tr><td>6</td><td>other</td><td>37</td></tr><tr><td>7</td><td>2015 net revenue</td><td>$ 1666</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 558 million in 2016 primarily due to : 2022 lower realized wholesale energy prices , primarily due to significantly higher northeast market power prices in 2014 , and lower capacity prices in 2015 ; and 2022 a decrease in net revenue as a result of vermont yankee ceasing power production in december 2014 . the decrease was partially offset by higher volume in the entergy wholesale commodities nuclear fleet , excluding vermont yankee , resulting from fewer refueling outage days in 2015 as compared to 2014 , partially offset by more unplanned outage days in 2015 as compared to 2014. .\nQuestion: what was the 2015 net revenue?\n" }, { "role": "agent", "content": "1666.0" } ]
CONVFINQA8255	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmorgan stanley notes to consolidated financial statements 2014 ( continued ) lending commitments . primary lending commitments are those that are originated by the company whereas secondary lending commitments are purchased from third parties in the market . the commitments include lending commitments that are made to investment grade and non-investment grade companies in connection with corporate lending and other business activities . commitments for secured lending transactions . secured lending commitments are extended by the company to companies and are secured by real estate or other physical assets of the borrower . loans made under these arrangements typically are at variable rates and generally provide for over-collateralization based upon the creditworthiness of the borrower . forward starting reverse repurchase agreements . the company has entered into forward starting securities purchased under agreements to resell ( agreements that have a trade date at or prior to december 31 , 2013 and settle subsequent to period-end ) that are primarily secured by collateral from u.s . government agency securities and other sovereign government obligations . commercial and residential mortgage-related commitments . the company enters into forward purchase contracts involving residential mortgage loans , residential mortgage lending commitments to individuals and residential home equity lines of credit . in addition , the company enters into commitments to originate commercial and residential mortgage loans . underwriting commitments . the company provides underwriting commitments in connection with its capital raising sources to a diverse group of corporate and other institutional clients . other lending commitments . other commitments generally include commercial lending commitments to small businesses and commitments related to securities-based lending activities in connection with the company 2019s wealth management business segment . the company sponsors several non-consolidated investment funds for third-party investors where the company typically acts as general partner of , and investment advisor to , these funds and typically commits to invest a minority of the capital of such funds , with subscribing third-party investors contributing the majority . the company 2019s employees , including its senior officers , as well as the company 2019s directors , may participate on the same terms and conditions as other investors in certain of these funds that the company forms primarily for client investment , except that the company may waive or lower applicable fees and charges for its employees . the company has contractual capital commitments , guarantees , lending facilities and counterparty arrangements with respect to these investment funds . premises and equipment . the company has non-cancelable operating leases covering premises and equipment ( excluding commodities operating leases , shown separately ) . at december 31 , 2013 , future minimum rental commitments under such leases ( net of subleases , principally on office rentals ) were as follows ( dollars in millions ) : year ended operating premises leases . <table class='wikitable'><tr><td>1</td><td>year ended</td><td>operating premises leases</td></tr><tr><td>2</td><td>2014</td><td>$ 672</td></tr><tr><td>3</td><td>2015</td><td>656</td></tr><tr><td>4</td><td>2016</td><td>621</td></tr><tr><td>5</td><td>2017</td><td>554</td></tr><tr><td>6</td><td>2018</td><td>481</td></tr><tr><td>7</td><td>thereafter</td><td>2712</td></tr></table> .\nQuestion: what was the total of future minimum rental commitments in 2016?\nAnswer: 621.0\nQuestion: and what was it in 2015?\n" }, { "role": "agent", "content": "656.0" } ]
CONVFINQA6733	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npension expense . <table class='wikitable'><tr><td>1</td><td>-</td><td>2019</td><td>2018</td></tr><tr><td>2</td><td>pension expense including special items noted below</td><td>$ 27.6</td><td>$ 91.8</td></tr><tr><td>3</td><td>settlements termination benefits and curtailments ( \"special items\" )</td><td>7.2</td><td>48.9</td></tr><tr><td>4</td><td>weighted average discount rate 2013 service cost</td><td>3.4% ( 3.4 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>weighted average discount rate 2013 interest cost</td><td>3.4% ( 3.4 % )</td><td>2.9% ( 2.9 % )</td></tr><tr><td>6</td><td>weighted average expected rate of return on plan assets</td><td>6.4% ( 6.4 % )</td><td>6.9% ( 6.9 % )</td></tr><tr><td>7</td><td>weighted average expected rate of compensation increase</td><td>3.5% ( 3.5 % )</td><td>3.5% ( 3.5 % )</td></tr></table> pension expense decreased from the prior year due to lower pension settlements , lower loss amortization , primarily from favorable asset experience and the impact of higher discount rates , partially offset by lower expected returns on assets . special items ( settlements , termination benefits , and curtailments ) decreased from the prior year primarily due to lower pension settlement losses . in fiscal year 2019 , special items of $ 7.2 included pension settlement losses of $ 6.4 , of which $ 5.0 was recorded during the second quarter and related to the u.s . supplementary pension plan , and $ .8 of termination benefits . these amounts are reflected within \"other non- operating income ( expense ) , net\" on the consolidated income statements . in fiscal year 2018 , special items of $ 48.9 included a pension settlement loss of $ 43.7 primarily in connection with the transfer of certain pension assets and payment obligations for our u.s . salaried and hourly plans to an insurer during the fourth quarter , $ 4.8 of pension settlement losses related to lump sum payouts from the u.s . supplementary pension plan , and $ .4 of termination benefits . u.k . lloyds equalization ruling on 26 october 2018 , the united kingdom high court issued a ruling related to the equalization of pension plan participants 2019 benefits for the gender effects of guaranteed minimum pensions . as a result of this ruling , we estimated the impact of retroactively increasing benefits in our u.k . plan in accordance with the high court ruling . we treated the additional benefits as a prior service cost , which resulted in an increase to our projected benefit obligation and accumulated other comprehensive loss of $ 4.7 during the first quarter of fiscal year 2019 . we are amortizing this cost over the average remaining life expectancy of the u.k . participants . 2020 outlook in fiscal year 2020 , we expect pension expense to be approximately $ 5 to $ 20 , which includes expected pension settlement losses of $ 5 to $ 10 , depending on the timing of retirements . the expected range reflects lower expected interest cost and higher total assets , partially offset by higher expected loss amortization primarily due to the impact of lower discount rates . in fiscal year 2020 , we expect pension expense to include approximately $ 105 for amortization of actuarial losses . in fiscal year 2019 , pension expense included amortization of actuarial losses of $ 76.2 . net actuarial losses of $ 424.4 were recognized in accumulated other comprehensive income in fiscal year 2019 . actuarial ( gains ) losses are amortized into pension expense over prospective periods to the extent they are not offset by future gains or losses . future changes in the discount rate and actual returns on plan assets different from expected returns would impact the actuarial ( gains ) losses and resulting amortization in years beyond fiscal year 2020 . pension funding pension funding includes both contributions to funded plans and benefit payments for unfunded plans , which are primarily non-qualified plans . with respect to funded plans , our funding policy is that contributions , combined with appreciation and earnings , will be sufficient to pay benefits without creating unnecessary surpluses . in addition , we make contributions to satisfy all legal funding requirements while managing our capacity to benefit from tax deductions attributable to plan contributions . with the assistance of third-party actuaries , we analyze the liabilities and demographics of each plan , which help guide the level of contributions . during 2019 and 2018 , our cash contributions to funded plans and benefit payments for unfunded plans were $ 40.2 and $ 68.3 , respectively . for fiscal year 2020 , cash contributions to defined benefit plans are estimated to be $ 30 to $ 40 . the estimate is based on expected contributions to certain international plans and anticipated benefit payments for unfunded plans , which are dependent upon the timing of retirements . actual future contributions will depend on future funding legislation , discount rates , investment performance , plan design , and various other factors . refer to the contractual obligations discussion on page 37 for a projection of future contributions. .\nQuestion: how much is the pension expense's amortization of actuarial losses in 2020 expected to represent in relation to that pension expense's amortization in 2019?\nAnswer: 1.37795\nQuestion: and what is the difference between this value and the number one?\nAnswer: 0.37795\nQuestion: in that same year of 2019, what were the pension expenses?\nAnswer: 91.8\nQuestion: and what were they in 2018?\nAnswer: 27.6\nQuestion: what was, then, the change over the year?\n" }, { "role": "agent", "content": "64.2" } ]
CONVFINQA7667	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy arkansas , inc . management's financial discussion and analysis results of operations net income 2004 compared to 2003 net income increased $ 16.2 million due to lower other operation and maintenance expenses , a lower effective income tax rate for 2004 compared to 2003 , and lower interest charges . the increase was partially offset by lower net revenue . 2003 compared to 2002 net income decreased $ 9.6 million due to lower net revenue , higher depreciation and amortization expenses , and a higher effective income tax rate for 2003 compared to 2002 . the decrease was substantially offset by lower other operation and maintenance expenses , higher other income , and lower interest charges . net revenue 2004 compared to 2003 net revenue , which is entergy arkansas' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2004 to 2003. . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in millions )</td></tr><tr><td>2</td><td>2003 net revenue</td><td>$ 998.7</td></tr><tr><td>3</td><td>deferred fuel cost revisions</td><td>-16.9 ( 16.9 )</td></tr><tr><td>4</td><td>other</td><td>-3.4 ( 3.4 )</td></tr><tr><td>5</td><td>2004 net revenue</td><td>$ 978.4</td></tr></table> deferred fuel cost revisions includes the difference between the estimated deferred fuel expense and the actual calculation of recoverable fuel expense , which occurs on an annual basis . deferred fuel cost revisions decreased net revenue due to a revised estimate of fuel costs filed for recovery at entergy arkansas in the march 2004 energy cost recovery rider , which reduced net revenue by $ 11.5 million . the remainder of the variance is due to the 2002 energy cost recovery true-up , made in the first quarter of 2003 , which increased net revenue in 2003 . gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to : 2022 an increase of $ 20.7 million in fuel cost recovery revenues due to an increase in the energy cost recovery rider effective april 2004 ( fuel cost recovery revenues are discussed in note 2 to the domestic utility companies and system energy financial statements ) ; 2022 an increase of $ 15.5 million in grand gulf revenues due to an increase in the grand gulf rider effective january 2004 ; 2022 an increase of $ 13.9 million in gross wholesale revenue primarily due to increased sales to affiliated systems ; 2022 an increase of $ 9.5 million due to volume/weather primarily resulting from increased usage during the unbilled sales period , partially offset by the effect of milder weather on billed sales in 2004. .\nQuestion: what was the net change in revenues from 2003 to 2004?\n" }, { "role": "agent", "content": "-20.3" } ]
CONVFINQA98	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements at december 31 , 2007 , future minimum rental payments required under operating leases for continuing operations that have initial or remaining noncancelable lease terms in excess of one year , net of sublease rental income , most of which pertain to real estate leases , are as follows : ( millions ) . <table class='wikitable'><tr><td>1</td><td>2008</td><td>$ 317</td></tr><tr><td>2</td><td>2009</td><td>275</td></tr><tr><td>3</td><td>2010</td><td>236</td></tr><tr><td>4</td><td>2011</td><td>214</td></tr><tr><td>5</td><td>2012</td><td>191</td></tr><tr><td>6</td><td>later years</td><td>597</td></tr><tr><td>7</td><td>total minimum payments required</td><td>$ 1830</td></tr></table> aon corporation .\nQuestion: what is the difference in value of future minimum rent payments from 2008 to 2009?\n" }, { "role": "agent", "content": "-42.0" } ]
CONVFINQA3925	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nfive-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dow jones , and the s&p 500 . the graph assumes that the value of the investment in the common stock of union pacific corporation and each index was $ 100 on december 31 , 2002 , and that all dividends were reinvested . comparison of five-year cumulative return 2002 2003 2004 2005 2006 2007 upc s&p 500 peer group dj trans purchases of equity securities 2013 during 2007 , we repurchased 13266070 shares of our common stock at an average price of $ 115.66 . during the first nine months of 2007 , we repurchased 10639916 shares of our common stock at an average price per share of $ 112.68 . the following table presents common stock repurchases during each month for the fourth quarter of 2007 : period number of shares purchased average paid per total number of shares purchased as part of a publicly announced plan or program maximum number of shares that may yet be purchased under the plan or program . <table class='wikitable'><tr><td>1</td><td>period</td><td>totalnumber ofsharespurchased[a]</td><td>averagepricepaid pershare</td><td>total number of sharespurchased as part of apublicly announcedplan orprogram</td><td>maximum number ofshares that may yetbe purchased underthe plan orprogram[b]</td></tr><tr><td>2</td><td>oct . 1 through oct . 31</td><td>99782</td><td>$ 128.78</td><td>-</td><td>9774279</td></tr><tr><td>3</td><td>nov . 1 through nov . 30</td><td>540294</td><td>124.70</td><td>528000</td><td>9246279</td></tr><tr><td>4</td><td>dec . 1 through dec . 31</td><td>1986078</td><td>128.53</td><td>1869800</td><td>7376479</td></tr><tr><td>5</td><td>total</td><td>2626154</td><td>$ 127.75</td><td>2397800</td><td>n/a</td></tr></table> [a] total number of shares purchased during the quarter includes 228354 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares . [b] on january 30 , 2007 , our board of directors authorized us to repurchase up to 20 million shares of our common stock through december 31 , 2009 . we may make these repurchases on the open market or through other transactions . our management has sole discretion with respect to determining the timing and amount of these transactions. .\nQuestion: what was the number of shares purchased in november of 2007?\nAnswer: 540294.0\nQuestion: and what was that number for the entire last quarter of that year?\n" }, { "role": "agent", "content": "2626154.0" } ]
CONVFINQA7608	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nour international networks segment also owns and operates the following regional television networks , which reached the following number of subscribers and viewers via pay and fta or broadcast networks , respectively , as of december 31 , 2017 : television service international subscribers/viewers ( millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>television service</td><td>internationalsubscribers/viewers ( millions )</td></tr><tr><td>2</td><td>quest</td><td>fta</td><td>66</td></tr><tr><td>3</td><td>dsport</td><td>fta</td><td>43</td></tr><tr><td>4</td><td>nordic broadcast networks ( a )</td><td>broadcast</td><td>34</td></tr><tr><td>5</td><td>quest red</td><td>fta</td><td>27</td></tr><tr><td>6</td><td>giallo</td><td>fta</td><td>25</td></tr><tr><td>7</td><td>frisbee</td><td>fta</td><td>25</td></tr><tr><td>8</td><td>focus</td><td>fta</td><td>25</td></tr><tr><td>9</td><td>k2</td><td>fta</td><td>25</td></tr><tr><td>10</td><td>nove</td><td>fta</td><td>25</td></tr><tr><td>11</td><td>discovery hd world</td><td>pay</td><td>17</td></tr><tr><td>12</td><td>dkiss</td><td>pay</td><td>15</td></tr><tr><td>13</td><td>shed</td><td>pay</td><td>12</td></tr><tr><td>14</td><td>discovery hd theater</td><td>pay</td><td>11</td></tr><tr><td>15</td><td>discovery history</td><td>pay</td><td>10</td></tr><tr><td>16</td><td>discovery civilization</td><td>pay</td><td>8</td></tr><tr><td>17</td><td>discovery world</td><td>pay</td><td>6</td></tr><tr><td>18</td><td>discovery en espanol ( u.s. )</td><td>pay</td><td>6</td></tr><tr><td>19</td><td>discovery familia ( u.s. )</td><td>pay</td><td>6</td></tr><tr><td>20</td><td>discovery historia</td><td>pay</td><td>6</td></tr></table> ( a ) number of subscribers corresponds to the sum of the subscribers to each of the nordic broadcast networks in sweden , norway , finland and denmark subject to retransmission agreements with pay-tv providers . the nordic broadcast networks include kanal 5 , kanal 9 , and kanal 11 in sweden , tv norge , max , fem and vox in norway , tv 5 , kutonen , and frii in finland , and kanal 4 , kanal 5 , 6'eren , and canal 9 in denmark . similar to u.s . networks , a significant source of revenue for international networks relates to fees charged to operators who distribute our linear networks . such operators primarily include cable and dth satellite service providers , internet protocol television ( \"iptv\" ) and over-the-top operators ( \"ott\" ) . international television markets vary in their stages of development . some markets , such as the u.k. , are more advanced digital television markets , while others remain in the analog environment with varying degrees of investment from operators to expand channel capacity or convert to digital technologies . common practice in international markets results in long-term contractual distribution relationships with terms generally shorter than similar customers in the u.s . distribution revenue for our international networks segment is largely dependent on the number of subscribers that receive our networks or content , the rates negotiated in the distributor agreements , and the market demand for the content that we provide . the other significant source of revenue for international networks relates to advertising sold on our television networks and across other distribution platforms , similar to u.s . networks . advertising revenue is dependent upon a number of factors , including the development of pay and fta television markets , the number of subscribers to and viewers of our channels , viewership demographics , the popularity of our programming , and our ability to sell commercial time over all media platforms . in certain markets , our advertising sales business operates with in-house sales teams , while we rely on external sales representation services in other markets . during 2017 , distribution , advertising and other revenues were 57% ( 57 % ) , 41% ( 41 % ) and 2% ( 2 % ) , respectively , of total net revenues for this segment . while the company has traditionally operated cable networks , in recent years an increasing portion of the company's international advertising revenue is generated by fta or broadcast networks , unlike u.s . networks . during 2017 , fta or broadcast networks generated 54% ( 54 % ) of international networks' advertising revenue and pay-tv networks generated 46% ( 46 % ) of international networks' advertising revenue . international networks' largest cost is content expense for localized programming disseminated via more than 400 unique distribution feeds . while our international networks segment maximizes the use of programming from u.s . networks , we also develop local programming that is tailored to individual market preferences and license the rights to air films , television series and sporting events from third parties . international networks amortizes the cost of capitalized content rights based on the proportion of current estimated revenues relative to the estimated remaining total lifetime revenues , which results in either an accelerated method or a straight-line method over the estimated useful lives of the content of up to five years . content acquired from u.s . networks and content developed locally airing on the same network is amortized similarly , as amortization rates vary by network . more than half of international networks' content is amortized using an accelerated amortization method , while the remainder is amortized on a straight-line basis . the costs for multi-year sports programming arrangements are expensed when the event is broadcast based on the estimated relative value of each component of the arrangement . while international networks and u.s . networks have similarities with respect to the nature of operations , the generation of revenue and the categories of expense , international networks have a lower segment margin due to lower economies of scale from being in over 220 markets requiring additional cost for localization to satisfy market variations . international networks also include sports and fta broadcast channels , which drive higher costs from sports rights and production and investment in broad entertainment programming for broadcast networks . on june 23 , 2016 , the u.k . held a referendum in which voters approved an exit from the european union ( 201ce.u . 201d ) , commonly referred to as 201cbrexit . 201d after a preliminary phase of negotiations towards the end of 2017 , the u.k . government and the e.u . will in 2018 negotiate the main principles of the u.k . 2019s future relationship with the e.u. , as well as a transitional period . brexit may have an adverse impact on advertising , subscribers , distributors and employees , as described in item 1a , risk factors , below . we continue to monitor the situation and plan for potential effects to our distribution and licensing agreements , unusual foreign currency exchange rate fluctuations , and changes to the legal and regulatory landscape . education and other education and other generated revenues of $ 158 million during 2017 , which represented 2% ( 2 % ) of our total consolidated revenues . education is comprised of curriculum-based product and service offerings and generates revenues primarily from subscriptions charged to k-12 schools for access to an online suite of curriculum-based vod tools , professional development services , digital textbooks and , to a lesser extent , student assessments and publication of hard copy curriculum-based content . other is comprised of our wholly-owned production studio , which provides services to our u.s . networks and international networks segments at cost . on february 26 , 2018 , the company announced the planned sale of a controlling equity stake in its education business in the first half of 2018 , to francisco partners for cash of $ 120 million . no loss is expected upon sale . the company will retain an equity interest . additionally , the company will have ongoing license agreements which are considered to be at fair value . as of december 31 , 2017 , the company determined that the education business did not meet the held for sale criteria , as defined in gaap as management had not committed to a plan to sell the assets . on april 28 , 2017 , the company sold raw and betty to all3media . all3media is a u.k . based television , film and digital production and distribution company . the company owns 50% ( 50 % ) of all3media and accounts for its investment in all3media under the equity method of accounting . raw and betty were components of the studios operating segment reported with education and other . on november 12 , 2015 , we paid $ 195 million to acquire 5 million shares , or approximately 3% ( 3 % ) , of lions gate entertainment corp . ( \"lionsgate\" ) , an entertainment company involved in the production of movies and television which is accounted for as an available-for-sale ( \"afs\" ) security . during 2016 , we determined that the decline in value of our investment in lionsgate is other- than-temporary in nature and , as such , the cost basis was adjusted to the fair value of the investment as of september 30 , 2016 . ( see note 4 to the accompanying consolidated financial statements. ) content development our content development strategy is designed to increase viewership , maintain innovation and quality leadership , and provide value for our network distributors and advertising customers . our content is sourced from a wide range of third-party producers , which include some of the world 2019s leading nonfiction production companies , as well as independent producers and wholly-owned production studios . our production arrangements fall into three categories : produced , coproduced and licensed . produced content includes content that we engage third parties or wholly owned production studios to develop and produce . we retain editorial control and own most or all of the rights , in exchange for paying all development and production costs . production of digital-first content such as virtual reality and short-form video is typically done through wholly-owned production studios . coproduced content refers to program rights on which we have collaborated with third parties to finance and develop either because at times world-wide rights are not available for acquisition or we save costs by collaborating with third parties . licensed content is comprised of films or .\nQuestion: in millions, how many combined subscribers and viewers do the top 2 pay distributed television services have?\nAnswer: 32.0\nQuestion: and what is that total for the top two of the fta distributed television services?\n" }, { "role": "agent", "content": "109.0" } ]
CONVFINQA7971	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents adobe inc . notes to consolidated financial statements ( continued ) stock options the 2003 plan allows us to grant options to all employees , including executive officers , outside consultants and non- employee directors . this plan will continue until the earlier of ( i ) termination by the board or ( ii ) the date on which all of the shares available for issuance under the plan have been issued and restrictions on issued shares have lapsed . option vesting periods used in the past were generally four years and expire seven years from the effective date of grant . we eliminated the use of stock option grants for all employees and non-employee directors but may choose to issue stock options in the future . performance share programs our 2018 , 2017 and 2016 performance share programs aim to help focus key employees on building stockholder value , provide significant award potential for achieving outstanding company performance and enhance the ability of the company to attract and retain highly talented and competent individuals . the executive compensation committee of our board of directors approves the terms of each of our performance share programs , including the award calculation methodology , under the terms of our 2003 plan . shares may be earned based on the achievement of an objective relative total stockholder return measured over a three-year performance period . performance share awards will be awarded and fully vest upon the later of the executive compensation committee's certification of the level of achievement or the three-year anniversary of each grant . program participants generally have the ability to receive up to 200% ( 200 % ) of the target number of shares originally granted . on january 24 , 2018 , the executive compensation committee approved the 2018 performance share program , the terms of which are similar to prior year performance share programs as discussed above . as of november 30 , 2018 , the shares awarded under our 2018 , 2017 and 2016 performance share programs are yet to be achieved . issuance of shares upon exercise of stock options , vesting of restricted stock units and performance shares , and purchases of shares under the espp , we will issue treasury stock . if treasury stock is not available , common stock will be issued . in order to minimize the impact of on-going dilution from exercises of stock options and vesting of restricted stock units and performance shares , we instituted a stock repurchase program . see note 12 for information regarding our stock repurchase programs . valuation of stock-based compensation stock-based compensation cost is measured at the grant date based on the fair value of the award . our performance share awards are valued using a monte carlo simulation model . the fair value of the awards are fixed at grant date and amortized over the longer of the remaining performance or service period . we use the black-scholes option pricing model to determine the fair value of espp shares . the determination of the fair value of stock-based payment awards on the date of grant using an option pricing model is affected by our stock price as well as assumptions regarding a number of complex and subjective variables . these variables include our expected stock price volatility over the expected term of the awards , actual and projected employee stock option exercise behaviors , a risk-free interest rate and any expected dividends . the expected term of espp shares is the average of the remaining purchase periods under each offering period . the assumptions used to value employee stock purchase rights were as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>expected life ( in years )</td><td>0.5 - 2.0</td><td>0.5 - 2.0</td><td>0.5 - 2.0</td></tr><tr><td>3</td><td>volatility</td><td>26% ( 26 % ) - 29% ( 29 % )</td><td>22% ( 22 % ) - 27% ( 27 % )</td><td>26 - 29% ( 29 % )</td></tr><tr><td>4</td><td>risk free interest rate</td><td>1.54% ( 1.54 % ) - 2.52% ( 2.52 % )</td><td>0.62% ( 0.62 % ) - 1.41% ( 1.41 % )</td><td>0.37 - 1.06% ( 1.06 % )</td></tr></table> .\nQuestion: what was the low rate of volatility in 2017?\nAnswer: 0.22\nQuestion: what was the high rate?\nAnswer: 0.27\nQuestion: what is the sum?\nAnswer: 0.49\nQuestion: what is the average rate?\n" }, { "role": "agent", "content": "0.245" } ]
CONVFINQA4650	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to the consolidated financial statements on march 18 , 2008 , ppg completed a public offering of $ 600 million in aggregate principal amount of its 5.75% ( 5.75 % ) notes due 2013 ( the 201c2013 notes 201d ) , $ 700 million in aggregate principal amount of its 6.65% ( 6.65 % ) notes due 2018 ( the 201c2018 notes 201d ) and $ 250 million in aggregate principal amount of its 7.70% ( 7.70 % ) notes due 2038 ( the 201c2038 notes 201d and , together with the 2013 notes and the 2018 notes , the 201cnotes 201d ) . the notes were offered by the company pursuant to its existing shelf registration . the proceeds of this offering of $ 1538 million ( net of discount and issuance costs ) and additional borrowings of $ 195 million under the 20ac650 million revolving credit facility were used to repay existing debt , including certain short-term debt and the amounts outstanding under the 20ac1 billion bridge loan . no further amounts can be borrowed under the 20ac1 billion bridge loan . the discount and issuance costs related to the notes , which totaled $ 12 million , will be amortized to interest expense over the respective lives of the notes . short-term debt outstanding as of december 31 , 2008 and 2007 , was as follows : ( millions ) 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>20ac1 billion bridge loan agreement 5.2% ( 5.2 % )</td><td>$ 2014</td><td>$ 1047</td></tr><tr><td>3</td><td>u.s . commercial paper 5.3% ( 5.3 % ) as of dec . 31 2008</td><td>222</td><td>617</td></tr><tr><td>4</td><td>20ac650 million revolving credit facility weighted average 2.9% ( 2.9 % ) as of dec . 31 2008 ( 1 )</td><td>200</td><td>2014</td></tr><tr><td>5</td><td>other weighted average 4.0% ( 4.0 % ) as of dec . 31 2008</td><td>362</td><td>154</td></tr><tr><td>6</td><td>total</td><td>$ 784</td><td>$ 1818</td></tr></table> total $ 784 $ 1818 ( 1 ) borrowings under this facility have a term of 30 days and can be rolled over monthly until the facility expires in 2010 . ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2008 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2008 , 2007 and 2006 totaled $ 228 million , $ 102 million and $ 90 million , respectively . rental expense for operating leases was $ 267 million , $ 188 million and $ 161 million in 2008 , 2007 and 2006 , respectively . the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa . minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2008 , are ( in millions ) $ 126 in 2009 , $ 107 in 2010 , $ 82 in 2011 , $ 65 in 2012 , $ 51 in 2013 and $ 202 thereafter . the company had outstanding letters of credit of $ 82 million as of december 31 , 2008 . the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business . as of december 31 , 2008 and 2007 guarantees outstanding were $ 70 million . the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses . a portion of such debt is secured by the assets of the related entities . the carrying values of these guarantees were $ 9 million and $ 3 million as of december 31 , 2008 and 2007 , respectively , and the fair values were $ 40 million and $ 17 million , as of december 31 , 2008 and 2007 , respectively . the company does not believe any loss related to these letters of credit or guarantees is likely . 10 . financial instruments , excluding derivative financial instruments included in ppg 2019s financial instrument portfolio are cash and cash equivalents , cash held in escrow , marketable equity securities , company-owned life insurance and short- and long-term debt instruments . the fair values of the financial instruments approximated their carrying values , in the aggregate , except for long-term long-term debt ( excluding capital lease obligations ) , had carrying and fair values totaling $ 3122 million and $ 3035 million , respectively , as of december 31 , 2008 . the corresponding amounts as of december 31 , 2007 , were $ 1201 million and $ 1226 million , respectively . the fair values of the debt instruments were based on discounted cash flows and interest rates currently available to the company for instruments of the same remaining maturities . 2008 ppg annual report and form 10-k 45 .\nQuestion: what is the net change in interest payments from 2006 to 2007?\n" }, { "role": "agent", "content": "12.0" } ]
CONVFINQA3451	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nworking on the site . the company resolved five of the eight pending lawsuits arising from this matter and believes that it has adequate insurance to resolve remaining matters . the company believes that the settlement of these lawsuits will not have a material adverse effect on its consolidated financial statements . during the 2009 third quarter , in connection with an environmental site remediation action under cer- cla , international paper submitted to the epa a feasibility study for this site . the epa has indicated that it intends to select a proposed remedial action alternative from those identified in the study and present this proposal for public comment . since it is not currently possible to determine the final remedial action that will be required , the company has accrued , as of december 31 , 2009 , an estimate of the minimum costs that could be required for this site . when the remediation plan is finalized by the epa , it is possible that the remediation costs could be sig- nificantly higher than amounts currently recorded . exterior siding and roofing litigation international paper has established reserves relating to the settlement , during 1998 and 1999 , of three nationwide class action lawsuits against the com- pany and masonite corp. , a former wholly-owned subsidiary of the company . those settlements relate to ( 1 ) exterior hardboard siding installed during the 1980 2019s and 1990 2019s ( the hardboard claims ) ; ( 2 ) omniwood siding installed during the 1990 2019s ( the omniwood claims ) ; and ( 3 ) woodruf roofing installed during the 1980 2019s and 1990 2019s ( the woodruf claims ) . all hardboard claims were required to be made by january 15 , 2008 , while all omniwood and woodruf claims were required to be made by jan- uary 6 , 2009 . the following table presents an analysis of total reserve activity related to the hardboard , omniwood and woodruf settlements for the years ended december 31 , 2009 , 2008 and 2007 : in millions total . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>total</td></tr><tr><td>2</td><td>balance december 31 2006</td><td>$ 124</td></tr><tr><td>3</td><td>payments</td><td>-78 ( 78 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>46</td></tr><tr><td>5</td><td>additional provision</td><td>82</td></tr><tr><td>6</td><td>payments</td><td>-87 ( 87 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>41</td></tr><tr><td>8</td><td>payments</td><td>-38 ( 38 )</td></tr><tr><td>9</td><td>balance december 31 2009</td><td>$ 3</td></tr></table> the company believes that the aggregate reserve balance remaining at december 31 , 2009 is adequate to cover the final settlement of remaining claims . summary the company is also involved in various other inquiries , administrative proceedings and litigation relating to contracts , sales of property , intellectual property , environmental and safety matters , tax , personal injury , labor and employment and other matters , some of which allege substantial monetary damages . while any proceeding or litigation has the element of uncertainty , the company believes that the outcome of any of the lawsuits or claims that are pending or threatened , or all of them combined , will not have a material adverse effect on its consolidated financial statements . note 12 variable interest entities and preferred securities of subsidiaries variable interest entities in connection with the 2006 sale of approximately 5.6 million acres of forestlands , international paper received installment notes ( the timber notes ) total- ing approximately $ 4.8 billion . the timber notes , which do not require principal payments prior to their august 2016 maturity , are supported by irrev- ocable letters of credit obtained by the buyers of the forestlands . during the 2006 fourth quarter , interna- tional paper contributed the timber notes to newly formed entities ( the borrower entities ) in exchange for class a and class b interests in these entities . subsequently , international paper contributed its $ 200 million class a interests in the borrower enti- ties , along with approximately $ 400 million of international paper promissory notes , to other newly formed entities ( the investor entities ) in exchange for class a and class b interests in these entities , and simultaneously sold its class a interest in the investor entities to a third party investor . as a result , at december 31 , 2006 , international paper held class b interests in the borrower entities and class b interests in the investor entities valued at approx- imately $ 5.0 billion . international paper has no obligation to make any further capital contributions to these entities and did not provide financial or other support during 2009 , 2008 or 2007 that was not previously contractually required . based on an analysis of these entities under guidance that considers the potential magnitude of the variability in the structure and which party bears a majority of the gains or losses , international paper determined that it is not the primary beneficiary of these entities .\nQuestion: what was the positive sum of payments in 2006?\nAnswer: 78.0\nQuestion: what was the positive sum in 2007?\nAnswer: 87.0\nQuestion: what is the total sum for 2007 and 2008?\nAnswer: 165.0\nQuestion: what is the positive sum of payments in 2009?\n" }, { "role": "agent", "content": "38.0" } ]
CONVFINQA2922	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph this graph compares the return on lilly stock with that of the standard & poor 2019s 500 stock index and our peer group for the years 2014 through 2018 . the graph assumes that , on december 31 , 2013 , a person invested $ 100 each in lilly stock , the s&p 500 stock index , and the peer groups' common stock . the graph measures total shareholder return , which takes into account both stock price and dividends . it assumes that dividends paid by a company are reinvested in that company 2019s stock . value of $ 100 invested on last business day of 2013 comparison of five-year cumulative total return among lilly , s&p 500 stock index , peer group ( 1 ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>lilly</td><td>peer group</td><td>s&p 500</td></tr><tr><td>2</td><td>dec-13</td><td>$ 100.00</td><td>$ 100.00</td><td>$ 100.00</td></tr><tr><td>3</td><td>dec-14</td><td>$ 139.75</td><td>$ 114.39</td><td>$ 113.69</td></tr><tr><td>4</td><td>dec-15</td><td>$ 175.21</td><td>$ 116.56</td><td>$ 115.26</td></tr><tr><td>5</td><td>dec-16</td><td>$ 157.03</td><td>$ 112.80</td><td>$ 129.05</td></tr><tr><td>6</td><td>dec-17</td><td>$ 185.04</td><td>$ 128.90</td><td>$ 157.22</td></tr><tr><td>7</td><td>dec-18</td><td>$ 259.88</td><td>$ 136.56</td><td>$ 150.33</td></tr></table> ( 1 ) we constructed the peer group as the industry index for this graph . it comprises the companies in the pharmaceutical and biotech industries that we used to benchmark the compensation of our executive officers for 2018 : abbvie inc. ; amgen inc. ; astrazeneca plc ; baxter international inc. ; biogen idec inc. ; bristol-myers squibb company ; celgene corporation ; gilead sciences inc. ; glaxosmithkline plc ; johnson & johnson ; medtronic plc ; merck & co. , inc. ; novartis ag. ; pfizer inc. ; roche holdings ag ; sanofi ; and shire plc. .\nQuestion: what was the price of lilly in 2018?\nAnswer: 259.88\nQuestion: what was the net change assuming a $100 initial investment?\n" }, { "role": "agent", "content": "159.88" } ]
CONVFINQA2695	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 236 jpmorgan chase & co./2010 annual report the table below sets forth the accretable yield activity for the firm 2019s pci consumer loans for the years ended december 31 , 2010 , 2009 and . <table class='wikitable'><tr><td>1</td><td>year ended december 31 , ( in millions except ratios )</td><td>year ended december 31 , 2010</td><td>year ended december 31 , 2009</td><td>2008</td></tr><tr><td>2</td><td>balance january 1</td><td>$ 25544</td><td>$ 32619</td><td>$ 2014</td></tr><tr><td>3</td><td>washington mutual acquisition</td><td>2014</td><td>2014</td><td>39454</td></tr><tr><td>4</td><td>accretion into interest income</td><td>-3232 ( 3232 )</td><td>-4363 ( 4363 )</td><td>-1292 ( 1292 )</td></tr><tr><td>5</td><td>changes in interest rates on variable rate loans</td><td>-819 ( 819 )</td><td>-4849 ( 4849 )</td><td>-5543 ( 5543 )</td></tr><tr><td>6</td><td>other changes in expected cash flows ( a )</td><td>-2396 ( 2396 )</td><td>2137</td><td>2014</td></tr><tr><td>7</td><td>balance december 31</td><td>$ 19097</td><td>$ 25544</td><td>$ 32619</td></tr><tr><td>8</td><td>accretable yield percentage</td><td>4.35% ( 4.35 % )</td><td>5.14% ( 5.14 % )</td><td>5.81% ( 5.81 % )</td></tr></table> ( a ) other changes in expected cash flows may vary from period to period as the firm continues to refine its cash flow model and periodically updates model assumptions . for the years ended december 31 , 2010 and 2009 , other changes in expected cash flows were principally driven by changes in prepayment assumptions , as well as reclassification to the nonaccretable difference . such changes are expected to have an insignificant impact on the accretable yield percentage . the factors that most significantly affect estimates of gross cash flows expected to be collected , and accordingly the accretable yield balance , include : ( i ) changes in the benchmark interest rate indices for variable rate products such as option arm and home equity loans ; and ( ii ) changes in prepayment assump- tions . to date , the decrease in the accretable yield percentage has been primarily related to a decrease in interest rates on vari- able-rate loans and , to a lesser extent , extended loan liquida- tion periods . certain events , such as extended loan liquidation periods , affect the timing of expected cash flows but not the amount of cash expected to be received ( i.e. , the accretable yield balance ) . extended loan liquidation periods reduce the accretable yield percentage because the same accretable yield balance is recognized against a higher-than-expected loan balance over a longer-than-expected period of time. .\nQuestion: what was the accretable yield balance in 2010?\nAnswer: 19097.0\nQuestion: what was in in 2009?\nAnswer: 25544.0\nQuestion: what was the net change?\n" }, { "role": "agent", "content": "-6447.0" } ]
CONVFINQA7694	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncross-border outstandings cross-border outstandings , as defined by bank regulatory rules , are amounts payable to state street by residents of foreign countries , regardless of the currency in which the claim is denominated , and local country claims in excess of local country obligations . these cross-border outstandings consist primarily of deposits with banks , loan and lease financing and investment securities . in addition to credit risk , cross-border outstandings have the risk that , as a result of political or economic conditions in a country , borrowers may be unable to meet their contractual repayment obligations of principal and/or interest when due because of the unavailability of , or restrictions on , foreign exchange needed by borrowers to repay their obligations . cross-border outstandings to countries in which we do business which amounted to at least 1% ( 1 % ) of our consolidated total assets were as follows as of december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>united kingdom</td><td>$ 5836</td><td>$ 5951</td><td>$ 5531</td></tr><tr><td>3</td><td>australia</td><td>2044</td><td>3567</td><td>1519</td></tr><tr><td>4</td><td>canada</td><td>2014</td><td>4565</td><td>2014</td></tr><tr><td>5</td><td>germany</td><td>2014</td><td>2944</td><td>2696</td></tr><tr><td>6</td><td>total cross-border outstandings</td><td>$ 7880</td><td>$ 17027</td><td>$ 9746</td></tr></table> the total cross-border outstandings presented in the table represented 5% ( 5 % ) , 12% ( 12 % ) and 9% ( 9 % ) of our consolidated total assets as of december 31 , 2008 , 2007 and 2006 , respectively . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2008 amounted to $ 3.45 billion ( canada and germany ) . there were no cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets as of december 31 , 2007 . aggregate cross-border outstandings to countries which totaled between .75% ( .75 % ) and 1% ( 1 % ) of our consolidated total assets at december 31 , 2006 amounted to $ 1.05 billion ( canada ) . capital regulatory and economic capital management both use key metrics evaluated by management to assess whether our actual level of capital is commensurate with our risk profile , is in compliance with all regulatory requirements , and is sufficient to provide us with the financial flexibility to undertake future strategic business initiatives . regulatory capital our objective with respect to regulatory capital management is to maintain a strong capital base in order to provide financial flexibility for our business needs , including funding corporate growth and supporting customers 2019 cash management needs , and to provide protection against loss to depositors and creditors . we strive to maintain an optimal level of capital , commensurate with our risk profile , on which an attractive return to shareholders will be realized over both the short and long term , while protecting our obligations to depositors and creditors and satisfying regulatory requirements . our capital management process focuses on our risk exposures , our capital position relative to our peers , regulatory capital requirements and the evaluations of the major independent credit rating agencies that assign ratings to our public debt . our capital committee , working in conjunction with our asset and liability committee , referred to as alco , oversees the management of regulatory capital , and is responsible for ensuring capital adequacy with respect to regulatory requirements , internal targets and the expectations of the major independent credit rating agencies . the primary regulator of both state street and state street bank for regulatory capital purposes is the federal reserve . both state street and state street bank are subject to the minimum capital requirements established by the federal reserve and defined in the federal deposit insurance corporation improvement act .\nQuestion: what are the consolidated total assets as of 12/31/08?\n" }, { "role": "agent", "content": "157600.0" } ]
CONVFINQA4417	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmaturities of debt the scheduled maturities of the outstanding debt balances , excluding debt fair value adjustments as of december 31 , 2014 , are summarized as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>year</td><td>total</td></tr><tr><td>2</td><td>2015</td><td>$ 2717</td></tr><tr><td>3</td><td>2016</td><td>1684</td></tr><tr><td>4</td><td>2017</td><td>3059</td></tr><tr><td>5</td><td>2018</td><td>2328</td></tr><tr><td>6</td><td>2019</td><td>2819</td></tr><tr><td>7</td><td>thereafter</td><td>28422</td></tr><tr><td>8</td><td>total</td><td>$ 41029</td></tr></table> _______ interest rates , interest rate swaps and contingent debt the weighted average interest rate on all of our borrowings was 5.02% ( 5.02 % ) during 2014 and 5.08% ( 5.08 % ) during 2013 . information on our interest rate swaps is contained in note 13 . for information about our contingent debt agreements , see note 12 . subsequent event subsequent to december 31 , 2014 , additional ep trust i preferred securities were converted , primarily consisting of 969117 ep trust i preferred securities converted on january 14 , 2015 , into ( i ) 697473 of our class p common stock ; ( ii ) approximately $ 24 million in cash ; and ( iii ) 1066028 in warrants . 9 . share-based compensation and employee benefits share-based compensation kinder morgan , inc . class p shares stock compensation plan for non-employee directors we have a stock compensation plan for non-employee directors , in which our eligible non-employee directors participate . the plan recognizes that the compensation paid to each eligible non-employee director is fixed by our board , generally annually , and that the compensation is payable in cash . pursuant to the plan , in lieu of receiving some or all of the cash compensation , each eligible non-employee director may elect to receive shares of class p common stock . each election will be generally at or around the first board meeting in january of each calendar year and will be effective for the entire calendar year . an eligible director may make a new election each calendar year . the total number of shares of class p common stock authorized under the plan is 250000 . during 2014 , 2013 and 2012 , we made restricted class p common stock grants to our non-employee directors of 6210 , 5710 and 5520 , respectively . these grants were valued at time of issuance at $ 220000 , $ 210000 and $ 185000 , respectively . all of the restricted stock grants made to non-employee directors vest during a six-month period . table of contents .\nQuestion: as of december 31, 2014, what amount from the total maturities of debt were due after 2019?\nAnswer: 28422.0\nQuestion: and what was the total of those maturities?\nAnswer: 41029.0\nQuestion: what percentage, then, of this total, did that amount represent?\n" }, { "role": "agent", "content": "0.69273" } ]
CONVFINQA5089	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe goldman sachs group , inc . and subsidiaries notes to consolidated financial statements 2030 purchased interests represent senior and subordinated interests , purchased in connection with secondary market-making activities , in securitization entities in which the firm also holds retained interests . 2030 substantially all of the total outstanding principal amount and total retained interests relate to securitizations during 2014 and thereafter as of december 2018 , and relate to securitizations during 2012 and thereafter as of december 2017 . 2030 the fair value of retained interests was $ 3.28 billion as of december 2018 and $ 2.13 billion as of december 2017 . in addition to the interests in the table above , the firm had other continuing involvement in the form of derivative transactions and commitments with certain nonconsolidated vies . the carrying value of these derivatives and commitments was a net asset of $ 75 million as of december 2018 and $ 86 million as of december 2017 , and the notional amount of these derivatives and commitments was $ 1.09 billion as of december 2018 and $ 1.26 billion as of december 2017 . the notional amounts of these derivatives and commitments are included in maximum exposure to loss in the nonconsolidated vie table in note 12 . the table below presents information about the weighted average key economic assumptions used in measuring the fair value of mortgage-backed retained interests. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2018</td><td>as of december 2017</td></tr><tr><td>2</td><td>fair value of retained interests</td><td>$ 3151</td><td>$ 2071</td></tr><tr><td>3</td><td>weighted average life ( years )</td><td>7.2</td><td>6.0</td></tr><tr><td>4</td><td>constant prepayment rate</td><td>11.9% ( 11.9 % )</td><td>9.4% ( 9.4 % )</td></tr><tr><td>5</td><td>impact of 10% ( 10 % ) adverse change</td><td>$ -27 ( 27 )</td><td>$ -19 ( 19 )</td></tr><tr><td>6</td><td>impact of 20% ( 20 % ) adverse change</td><td>$ -53 ( 53 )</td><td>$ -35 ( 35 )</td></tr><tr><td>7</td><td>discount rate</td><td>4.7% ( 4.7 % )</td><td>4.2% ( 4.2 % )</td></tr><tr><td>8</td><td>impact of 10% ( 10 % ) adverse change</td><td>$ -75 ( 75 )</td><td>$ -35 ( 35 )</td></tr><tr><td>9</td><td>impact of 20% ( 20 % ) adverse change</td><td>$ -147 ( 147 )</td><td>$ -70 ( 70 )</td></tr></table> in the table above : 2030 amounts do not reflect the benefit of other financial instruments that are held to mitigate risks inherent in these retained interests . 2030 changes in fair value based on an adverse variation in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value is not usually linear . 2030 the impact of a change in a particular assumption is calculated independently of changes in any other assumption . in practice , simultaneous changes in assumptions might magnify or counteract the sensitivities disclosed above . 2030 the constant prepayment rate is included only for positions for which it is a key assumption in the determination of fair value . 2030 the discount rate for retained interests that relate to u.s . government agency-issued collateralized mortgage obligations does not include any credit loss . expected credit loss assumptions are reflected in the discount rate for the remainder of retained interests . the firm has other retained interests not reflected in the table above with a fair value of $ 133 million and a weighted average life of 4.2 years as of december 2018 , and a fair value of $ 56 million and a weighted average life of 4.5 years as of december 2017 . due to the nature and fair value of certain of these retained interests , the weighted average assumptions for constant prepayment and discount rates and the related sensitivity to adverse changes are not meaningful as of both december 2018 and december 2017 . the firm 2019s maximum exposure to adverse changes in the value of these interests is the carrying value of $ 133 million as of december 2018 and $ 56 million as of december 2017 . note 12 . variable interest entities a variable interest in a vie is an investment ( e.g. , debt or equity ) or other interest ( e.g. , derivatives or loans and lending commitments ) that will absorb portions of the vie 2019s expected losses and/or receive portions of the vie 2019s expected residual returns . the firm 2019s variable interests in vies include senior and subordinated debt ; loans and lending commitments ; limited and general partnership interests ; preferred and common equity ; derivatives that may include foreign currency , equity and/or credit risk ; guarantees ; and certain of the fees the firm receives from investment funds . certain interest rate , foreign currency and credit derivatives the firm enters into with vies are not variable interests because they create , rather than absorb , risk . vies generally finance the purchase of assets by issuing debt and equity securities that are either collateralized by or indexed to the assets held by the vie . the debt and equity securities issued by a vie may include tranches of varying levels of subordination . the firm 2019s involvement with vies includes securitization of financial assets , as described in note 11 , and investments in and loans to other types of vies , as described below . see note 11 for further information about securitization activities , including the definition of beneficial interests . see note 3 for the firm 2019s consolidation policies , including the definition of a vie . goldman sachs 2018 form 10-k 149 .\nQuestion: what was the fair value of retained interests in 2018?\nAnswer: 3.28\nQuestion: what was the value in 2017?\nAnswer: 2.13\nQuestion: what is the difference?\n" }, { "role": "agent", "content": "1.15" } ]
CONVFINQA6438	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents other equity method investments infraservs . we hold indirect ownership interests in several german infraserv groups that own and develop industrial parks and provide on-site general and administrative support to tenants . our ownership interest in the equity investments in infraserv affiliates are as follows : as of december 31 , 2017 ( in percentages ) infraserv gmbh & co . gendorf kg ( 1 ) ................................................................................................... . 39 . <table class='wikitable'><tr><td>1</td><td>-</td><td>as of december 31 2017 ( in percentages )</td></tr><tr><td>2</td><td>infraserv gmbh & co . gendorf kg ( 1 )</td><td>39</td></tr><tr><td>3</td><td>infraserv gmbh & co . hoechst kg</td><td>32</td></tr><tr><td>4</td><td>infraserv gmbh & co . knapsack kg ( 1 )</td><td>27</td></tr></table> infraserv gmbh & co . knapsack kg ( 1 ) ................................................................................................ . 27 ______________________________ ( 1 ) see note 29 - subsequent events in the accompanying consolidated financial statements for further information . research and development our business models leverage innovation and conduct research and development activities to develop new , and optimize existing , production technologies , as well as to develop commercially viable new products and applications . research and development expense was $ 72 million , $ 78 million and $ 119 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . we consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives . intellectual property we attach importance to protecting our intellectual property , including safeguarding our confidential information and through our patents , trademarks and copyrights , in order to preserve our investment in research and development , manufacturing and marketing . patents may cover processes , equipment , products , intermediate products and product uses . we also seek to register trademarks as a means of protecting the brand names of our company and products . patents . in most industrial countries , patent protection exists for new substances and formulations , as well as for certain unique applications and production processes . however , we do business in regions of the world where intellectual property protection may be limited and difficult to enforce . confidential information . we maintain stringent information security policies and procedures wherever we do business . such information security policies and procedures include data encryption , controls over the disclosure and safekeeping of confidential information and trade secrets , as well as employee awareness training . trademarks . amcel ae , aoplus ae , ateva ae , avicor ae , celanese ae , celanex ae , celcon ae , celfx ae , celstran ae , celvolit ae , clarifoil ae , dur- o-set ae , ecomid ae , ecovae ae , forflex ae , forprene ae , frianyl ae , fortron ae , ghr ae , gumfit ae , gur ae , hostaform ae , laprene ae , metalx ae , mowilith ae , mt ae , nilamid ae , nivionplast ae , nutrinova ae , nylfor ae , pibiflex ae , pibifor ae , pibiter ae , polifor ae , resyn ae , riteflex ae , slidex ae , sofprene ae , sofpur ae , sunett ae , talcoprene ae , tecnoprene ae , thermx ae , tufcor ae , vantage ae , vectra ae , vinac ae , vinamul ae , vitaldose ae , zenite ae and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by celanese . the foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by celanese . fortron ae is a registered trademark of fortron industries llc . hostaform ae is a registered trademark of hoechst gmbh . mowilith ae and nilamid ae are registered trademarks of celanese in most european countries . we monitor competitive developments and defend against infringements on our intellectual property rights . neither celanese nor any particular business segment is materially dependent upon any one patent , trademark , copyright or trade secret . environmental and other regulation matters pertaining to environmental and other regulations are discussed in item 1a . risk factors , as well as note 2 - summary of accounting policies , note 16 - environmental and note 24 - commitments and contingencies in the accompanying consolidated financial statements. .\nQuestion: what was the research and development expense in 2017?\nAnswer: 72.0\nQuestion: and what was it in 2016?\nAnswer: 78.0\nQuestion: what was, then, the variation over the year?\n" }, { "role": "agent", "content": "-6.0" } ]
CONVFINQA7764	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nduring 2012 , the company granted selected employees an aggregate of 139 thousand rsus with internal performance measures and , separately , certain market thresholds . these awards vested in january 2015 . the terms of the grants specified that to the extent certain performance goals , comprised of internal measures and , separately , market thresholds were achieved , the rsus would vest ; if performance goals were surpassed , up to 175% ( 175 % ) of the target awards would be distributed ; and if performance goals were not met , the awards would be forfeited . in january 2015 , an additional 93 thousand rsus were granted and distributed because performance thresholds were exceeded . in 2015 , 2014 and 2013 , the company granted rsus , both with and without performance conditions , to certain employees under the 2007 plan . the rsus without performance conditions vest ratably over the three- year service period beginning january 1 of the year of the grant and the rsus with performance conditions vest ratably over the three-year performance period beginning january 1 of the year of the grant ( the 201cperformance period 201d ) . distribution of the performance shares is contingent upon the achievement of internal performance measures and , separately , certain market thresholds over the performance period . during 2015 , 2014 and 2013 , the company granted rsus to non-employee directors under the 2007 plan . the rsus vested on the date of grant ; however , distribution of the shares will be made within 30 days of the earlier of : ( i ) 15 months after grant date , subject to any deferral election by the director ; or ( ii ) the participant 2019s separation from service . because these rsus vested on the grant date , the total grant date fair value was recorded in operation and maintenance expense included in the expense table above on the grant date . rsus generally vest over periods ranging from one to three years . rsus granted with service-only conditions and those with internal performance measures are valued at the market value of the closing price of the company 2019s common stock on the date of grant . rsus granted with market conditions are valued using a monte carlo model . expected volatility is based on historical volatilities of traded common stock of the company and comparative companies using daily stock prices over the past three years . the expected term is three years and the risk-free interest rate is based on the three-year u.s . treasury rate in effect as of the measurement date . the following table presents the weighted-average assumptions used in the monte carlo simulation and the weighted-average grant date fair values of rsus granted for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>expected volatility</td><td>14.93% ( 14.93 % )</td><td>17.78% ( 17.78 % )</td><td>19.37% ( 19.37 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.07% ( 1.07 % )</td><td>0.75% ( 0.75 % )</td><td>0.40% ( 0.40 % )</td></tr><tr><td>4</td><td>expected life ( years )</td><td>3.0</td><td>3.0</td><td>3.0</td></tr><tr><td>5</td><td>grant date fair value per share</td><td>$ 62.10</td><td>$ 45.45</td><td>$ 40.13</td></tr></table> the grant date fair value of restricted stock awards that vest ratably and have market and/or performance and service conditions are amortized through expense over the requisite service period using the graded-vesting method . rsus that have no performance conditions are amortized through expense over the requisite service period using the straight-line method and are included in operations expense in the accompanying consolidated statements of operations . as of december 31 , 2015 , $ 4 of total unrecognized compensation cost related to the nonvested restricted stock units is expected to be recognized over the weighted-average remaining life of 1.4 years . the total grant date fair value of rsus vested was $ 12 , $ 11 and $ 9 for the years ended december 31 , 2015 , 2014 and 2013. .\nQuestion: what is the grant date fair value per share in 2015?\nAnswer: 62.1\nQuestion: what about in 2014?\nAnswer: 45.45\nQuestion: what is the change in grant date fair value per share from 2014 to 2015?\nAnswer: 16.65\nQuestion: what is the is the grant date fair value per share in 2014?\n" }, { "role": "agent", "content": "45.45" } ]
CONVFINQA3966	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndecember 31 , 2008 , 2007 and 2006 , included ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>gain on disposition adjustment or impairment of acquired assets and obligations</td><td>$ -9.0 ( 9.0 )</td><td>$ -1.2 ( 1.2 )</td><td>$ -19.2 ( 19.2 )</td></tr><tr><td>3</td><td>consulting and professional fees</td><td>10.1</td><td>1.0</td><td>8.8</td></tr><tr><td>4</td><td>employee severance and retention</td><td>1.9</td><td>1.6</td><td>3.3</td></tr><tr><td>5</td><td>information technology integration</td><td>0.9</td><td>2.6</td><td>3.0</td></tr><tr><td>6</td><td>in-process research & development</td><td>38.5</td><td>6.5</td><td>2.9</td></tr><tr><td>7</td><td>integration personnel</td><td>2013</td><td>2013</td><td>2.5</td></tr><tr><td>8</td><td>facility and employee relocation</td><td>7.5</td><td>2013</td><td>1.0</td></tr><tr><td>9</td><td>distributor acquisitions</td><td>7.3</td><td>4.1</td><td>2013</td></tr><tr><td>10</td><td>sales agent and lease contract terminations</td><td>8.1</td><td>5.4</td><td>0.2</td></tr><tr><td>11</td><td>other</td><td>3.2</td><td>5.2</td><td>3.6</td></tr><tr><td>12</td><td>acquisition integration and other</td><td>$ 68.5</td><td>$ 25.2</td><td>$ 6.1</td></tr></table> included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2008 is a favorable adjustment to certain liabilities of acquired companies due to changes in circumstances surrounding those liabilities subsequent to the related measurement period . included in the gain on disposition , adjustment or impairment of acquired assets and obligations for 2006 is the sale of the former centerpulse austin land and facilities for a gain of $ 5.1 million and the favorable settlement of two pre- acquisition contingent liabilities . these gains were offset by a $ 13.4 million impairment charge for certain centerpulse tradename and trademark intangibles based principally in our europe operating segment . in-process research and development charges for 2008 are related to the acquisition of abbott spine . in-process research and development charges for 2007 are related to the acquisitions of endius and orthosoft . consulting and professional fees relate to third- party integration consulting performed in a variety of areas such as tax , compliance , logistics and human resources and legal fees related to matters involving acquired businesses . cash and equivalents 2013 we consider all highly liquid investments with an original maturity of three months or less to be cash equivalents . the carrying amounts reported in the balance sheet for cash and equivalents are valued at cost , which approximates their fair value . restricted cash is primarily composed of cash held in escrow related to certain insurance coverage . inventories 2013 inventories , net of allowances for obsolete and slow-moving goods , are stated at the lower of cost or market , with cost determined on a first-in first-out basis . property , plant and equipment 2013 property , plant and equipment is carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on estimated useful lives of ten to forty years for buildings and improvements , three to eight years for machinery and equipment . maintenance and repairs are expensed as incurred . in accordance with statement of financial accounting standards ( 201csfas 201d ) no . 144 , 201caccounting for the impairment or disposal of long-lived assets , 201d we review property , plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable . an impairment loss would be recognized when estimated future undiscounted cash flows relating to the asset are less than its carrying amount . an impairment loss is measured as the amount by which the carrying amount of an asset exceeds its fair value . software costs 2013 we capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use when both the preliminary project stage is completed and it is probable that the software will be used as intended . capitalized software costs generally include external direct costs of materials and services utilized in developing or obtaining computer software and compensation and related benefits for employees who are directly associated with the software project . capitalized software costs are included in property , plant and equipment on our balance sheet and amortized on a straight-line basis when the software is ready for its intended use over the estimated useful lives of the software , which approximate three to seven years . instruments 2013 instruments are hand-held devices used by orthopaedic surgeons during total joint replacement and other surgical procedures . instruments are recognized as long-lived assets and are included in property , plant and equipment . undeployed instruments are carried at cost , net of allowances for excess and obsolete instruments . instruments in the field are carried at cost less accumulated depreciation . depreciation is computed using the straight-line method based on average estimated useful lives , determined principally in reference to associated product life cycles , primarily five years . we review instruments for impairment in accordance with sfas no . 144 . depreciation of instruments is recognized as selling , general and administrative expense . goodwill 2013 we account for goodwill in accordance with sfas no . 142 , 201cgoodwill and other intangible assets . 201d goodwill is not amortized but is subject to annual impairment tests . goodwill has been assigned to reporting units . we perform annual impairment tests by comparing each reporting unit 2019s fair value to its carrying amount to determine if there is potential impairment . the fair value of the reporting unit and the implied fair value of goodwill are determined based upon a discounted cash flow analysis . significant assumptions are incorporated into to these discounted cash flow analyses such as estimated growth rates and risk-adjusted discount rates . we perform this test in the fourth quarter of the year . if the fair value of the reporting unit is less than its carrying value , an impairment loss is recorded to the extent that the implied fair value of the reporting unit goodwill is less than the carrying value of the reporting unit goodwill . intangible assets 2013 we account for intangible assets in accordance with sfas no . 142 . intangible assets are initially measured at their fair value . we have determined the fair value of our intangible assets either by the fair value of the z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg* transmitting job : c48761 pcn : 044000000 *%%pcmsg\|44 \|00007\|yes\|no\|02/24/2009 06:10\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: what was the level of information technology integration in 2006?\nAnswer: 3.0\nQuestion: and in 2007?\nAnswer: 2.6\nQuestion: what is the difference of this value between the two years?\nAnswer: 0.4\nQuestion: and the specific value for 2007 again?\n" }, { "role": "agent", "content": "2.6" } ]
CONVFINQA9824	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n492010 annual report consolidation 2013 effective february 28 , 2010 , the company adopted the fasb amended guidance for con- solidation . this guidance clarifies that the scope of the decrease in ownership provisions applies to the follow- ing : ( i ) a subsidiary or group of assets that is a business or nonprofit activity ; ( ii ) a subsidiary that is a business or nonprofit activity that is transferred to an equity method investee or joint venture ; and ( iii ) an exchange of a group of assets that constitutes a business or nonprofit activ- ity for a noncontrolling interest in an entity ( including an equity method investee or joint venture ) . this guidance also expands the disclosures about the deconsolidation of a subsidiary or derecognition of a group of assets within the scope of the guidance . the adoption of this guidance did not have a material impact on the company 2019s consolidated financial statements . 3 . acquisitions : acquisition of bwe 2013 on december 17 , 2007 , the company acquired all of the issued and outstanding capital stock of beam wine estates , inc . ( 201cbwe 201d ) , an indirect wholly-owned subsidiary of fortune brands , inc. , together with bwe 2019s subsidiaries : atlas peak vineyards , inc. , buena vista winery , inc. , clos du bois , inc. , gary farrell wines , inc . and peak wines international , inc . ( the 201cbwe acquisition 201d ) . as a result of the bwe acquisition , the company acquired the u.s . wine portfolio of fortune brands , inc. , including certain wineries , vineyards or inter- ests therein in the state of california , as well as various super-premium and fine california wine brands including clos du bois and wild horse . the bwe acquisition sup- ports the company 2019s strategy of strengthening its portfolio with fast-growing super-premium and above wines . the bwe acquisition strengthens the company 2019s position as the leading wine company in the world and the leading premium wine company in the u.s . total consideration paid in cash was $ 877.3 million . in addition , the company incurred direct acquisition costs of $ 1.4 million . the purchase price was financed with the net proceeds from the company 2019s december 2007 senior notes ( as defined in note 11 ) and revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 and november 2007 ( as defined in note 11 ) . in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition . the purchase price was based primarily on the estimated future operating results of the bwe business , including the factors described above . in june 2008 , the company sold certain businesses consisting of several of the california wineries and wine brands acquired in the bwe acquisition , as well as certain wineries and wine brands from the states of washington and idaho ( collectively , the 201cpacific northwest business 201d ) ( see note 7 ) . the results of operations of the bwe business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition . the following table summarizes the fair values of the assets acquired and liabilities assumed in the bwe acquisition at the date of acquisition . ( in millions ) current assets $ 288.4 property , plant and equipment 232.8 . <table class='wikitable'><tr><td>1</td><td>current assets</td><td>$ 288.4</td></tr><tr><td>2</td><td>property plant and equipment</td><td>232.8</td></tr><tr><td>3</td><td>goodwill</td><td>334.6</td></tr><tr><td>4</td><td>trademarks</td><td>97.9</td></tr><tr><td>5</td><td>other assets</td><td>30.2</td></tr><tr><td>6</td><td>total assets acquired</td><td>983.9</td></tr><tr><td>7</td><td>current liabilities</td><td>103.9</td></tr><tr><td>8</td><td>long-term liabilities</td><td>1.3</td></tr><tr><td>9</td><td>total liabilities assumed</td><td>105.2</td></tr><tr><td>10</td><td>net assets acquired</td><td>$ 878.7</td></tr></table> other assets 30.2 total assets acquired 983.9 current liabilities 103.9 long-term liabilities 1.3 total liabilities assumed 105.2 net assets acquired $ 878.7 the trademarks are not subject to amortization . all of the goodwill is expected to be deductible for tax purposes . acquisition of svedka 2013 on march 19 , 2007 , the company acquired the svedka vodka brand ( 201csvedka 201d ) in connection with the acquisition of spirits marque one llc and related business ( the 201csvedka acquisition 201d ) . svedka is a premium swedish vodka . at the time of the acquisition , the svedka acquisition supported the company 2019s strategy of expanding the company 2019s premium spirits business and provided a foundation from which the company looked to leverage its existing and future premium spirits portfolio for growth . in addition , svedka complemented the company 2019s then existing portfolio of super-premium and value vodka brands by adding a premium vodka brand . total consideration paid in cash for the svedka acquisition was $ 385.8 million . in addition , the company incurred direct acquisition costs of $ 1.3 million . the pur- chase price was financed with revolver borrowings under the company 2019s june 2006 credit agreement , as amended in february 2007 . in accordance with the purchase method of accounting , the acquired net assets are recorded at fair value at the date of acquisition . the purchase price was based primarily on the estimated future operating results of the svedka business , including the factors described above . the results of operations of the svedka business are reported in the constellation wines segment and are included in the consolidated results of operations of the company from the date of acquisition. .\nQuestion: what is the balance of current assets?\nAnswer: 288.4\nQuestion: what about current liabilities?\nAnswer: 103.9\nQuestion: what current ratio does this represent?\n" }, { "role": "agent", "content": "2.77575" } ]
CONVFINQA10632	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nother taxes decreased in 2001 because its utility operations in virginia became subject to state income taxes in lieu of gross receipts taxes effective january 2001 . in addition , dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized . dominion energy 2002 2001 2000 ( millions , except per share amounts ) . <table class='wikitable'><tr><td>1</td><td>( millions except pershare amounts )</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>operating revenue</td><td>$ 5940</td><td>$ 6144</td><td>$ 4894</td></tr><tr><td>3</td><td>operating expenses</td><td>4520</td><td>4749</td><td>3939</td></tr><tr><td>4</td><td>net income contribution</td><td>770</td><td>723</td><td>489</td></tr><tr><td>5</td><td>earnings per share contribution</td><td>$ 2.72</td><td>$ 2.86</td><td>$ 2.07</td></tr><tr><td>6</td><td>electricity supplied* ( million mwhrs )</td><td>101</td><td>95</td><td>83</td></tr><tr><td>7</td><td>gas transmission throughput ( bcf )</td><td>597</td><td>553</td><td>567</td></tr></table> * amounts presented are for electricity supplied by utility and merchant generation operations . operating results 2014 2002 dominion energy contributed $ 2.72 per diluted share on net income of $ 770 million for 2002 , a net income increase of $ 47 million and an earnings per share decrease of $ 0.14 over 2001 . net income for 2002 reflected lower operating revenue ( $ 204 million ) , operating expenses ( $ 229 million ) and other income ( $ 27 million ) . interest expense and income taxes , which are discussed on a consolidated basis , decreased $ 50 million over 2001 . the earnings per share decrease reflected share dilution . regulated electric sales revenue increased $ 179 million . favorable weather conditions , reflecting increased cooling and heating degree-days , as well as customer growth , are estimated to have contributed $ 133 million and $ 41 million , respectively . fuel rate recoveries increased approximately $ 65 million for 2002 . these recoveries are generally offset by increases in elec- tric fuel expense and do not materially affect income . partially offsetting these increases was a net decrease of $ 60 million due to other factors not separately measurable , such as the impact of economic conditions on customer usage , as well as variations in seasonal rate premiums and discounts . nonregulated electric sales revenue increased $ 9 million . sales revenue from dominion 2019s merchant generation fleet decreased $ 21 million , reflecting a $ 201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of millstone operations for all of 2002 . revenue from the wholesale marketing of utility generation decreased $ 74 million . due to the higher demand of utility service territory customers during 2002 , less production from utility plant generation was available for profitable sale in the wholesale market . revenue from retail energy sales increased $ 71 million , reflecting primarily customer growth over the prior year . net revenue from dominion 2019s electric trading activities increased $ 33 million , reflecting the effect of favorable price changes on unsettled contracts and higher trading margins . nonregulated gas sales revenue decreased $ 351 million . the decrease included a $ 239 million decrease in sales by dominion 2019s field services and retail energy marketing opera- tions , reflecting to a large extent declining prices . revenue associated with gas trading operations , net of related cost of sales , decreased $ 112 million . the decrease included $ 70 mil- lion of realized and unrealized losses on the economic hedges of natural gas production by the dominion exploration & pro- duction segment . as described below under selected information 2014 energy trading activities , sales of natural gas by the dominion exploration & production segment at market prices offset these financial losses , resulting in a range of prices contemplated by dominion 2019s overall risk management strategy . the remaining $ 42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins . those losses were partially offset by contributions from higher trading volumes in gas and oil markets . gas transportation and storage revenue decreased $ 44 million , primarily reflecting lower rates . electric fuel and energy purchases expense increased $ 94 million which included an increase of $ 66 million associated with dominion 2019s energy marketing operations that are not sub- ject to cost-based rate regulation and an increase of $ 28 million associated with utility operations . substantially all of the increase associated with non-regulated energy marketing opera- tions related to higher volumes purchased during the year . for utility operations , energy costs increased $ 66 million for pur- chases subject to rate recovery , partially offset by a $ 38 million decrease in fuel expenses associated with lower wholesale mar- keting of utility plant generation . purchased gas expense decreased $ 245 million associated with dominion 2019s field services and retail energy marketing oper- ations . this decrease reflected approximately $ 162 million asso- ciated with declining prices and $ 83 million associated with lower purchased volumes . liquids , pipeline capacity and other purchases decreased $ 64 million , primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the cur- rent year period . the difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments . other operations and maintenance expense decreased $ 14 million , primarily reflecting an $ 18 million decrease in outage costs due to fewer generation unit outages in the current year . depreciation expense decreased $ 11 million , reflecting decreases in depreciation associated with changes in the esti- mated useful lives of certain electric generation property , par- tially offset by increased depreciation associated with state line and millstone operations . other income decreased $ 27 million , including a $ 14 mil- lion decrease in net realized investment gains in the millstone 37d o m i n i o n 2019 0 2 a n n u a l r e p o r t .\nQuestion: what was the net change in operating revenue from 2001 to 2002?\n" }, { "role": "agent", "content": "-204.0" } ]
CONVFINQA10009	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock performance graph the following graph sets forth the cumulative total shareholder return on our series a common stock , series b common stock and series c common stock as compared with the cumulative total return of the companies listed in the standard and poor 2019s 500 stock index ( 201cs&p 500 index 201d ) and a peer group of companies comprised of cbs corporation class b common stock , scripps network interactive , inc . ( acquired by the company in march 2018 ) , time warner , inc . ( acquired by at&t inc . in june 2018 ) , twenty-first century fox , inc . class a common stock ( news corporation class a common stock prior to june 2013 ) , viacom , inc . class b common stock and the walt disney company . the graph assumes $ 100 originally invested on december 31 , 2013 in each of our series a common stock , series b common stock and series c common stock , the s&p 500 index , and the stock of our peer group companies , including reinvestment of dividends , for the years ended december 31 , 2014 , 2015 , 2016 , 2017 and 2018 . two peer companies , scripps networks interactive , inc . and time warner , inc. , were acquired in 2018 . the stock performance chart shows the peer group including scripps networks interactive , inc . and time warner , inc . and excluding both acquired companies for the entire five year period . december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>-</td><td>december 312013</td><td>december 312014</td><td>december 312015</td><td>december 312016</td><td>december 312017</td><td>december 312018</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 74.58</td><td>$ 57.76</td><td>$ 59.34</td><td>$ 48.45</td><td>$ 53.56</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 80.56</td><td>$ 58.82</td><td>$ 63.44</td><td>$ 53.97</td><td>$ 72.90</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 80.42</td><td>$ 60.15</td><td>$ 63.87</td><td>$ 50.49</td><td>$ 55.04</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 111.39</td><td>$ 110.58</td><td>$ 121.13</td><td>$ 144.65</td><td>$ 135.63</td></tr><tr><td>6</td><td>peer group incl . acquired companies</td><td>$ 100.00</td><td>$ 116.64</td><td>$ 114.02</td><td>$ 127.96</td><td>$ 132.23</td><td>$ 105.80</td></tr><tr><td>7</td><td>peer group ex . acquired companies</td><td>$ 100.00</td><td>$ 113.23</td><td>$ 117.27</td><td>$ 120.58</td><td>$ 127.90</td><td>$ 141.58</td></tr></table> equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2019 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference. .\nQuestion: what was the value of discb at the end of 2018?\nAnswer: 72.9\nQuestion: what is that less $100?\n" }, { "role": "agent", "content": "-27.1" } ]
CONVFINQA8815	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy new orleans , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $ 3.9 million primarily due to higher net revenue , partially offset by higher depreciation and amortization expenses , higher interest expense , and lower other income . 2015 compared to 2014 net income increased $ 13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue , partially offset by a higher effective income tax rate . net revenue 2016 compared to 2015 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 293.9</td></tr><tr><td>3</td><td>retail electric price</td><td>39.0</td></tr><tr><td>4</td><td>net gas revenue</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>volume/weather</td><td>-5.1 ( 5.1 )</td></tr><tr><td>6</td><td>other</td><td>-8.1 ( 8.1 )</td></tr><tr><td>7</td><td>2016 net revenue</td><td>$ 317.2</td></tr></table> the retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider , as approved by the city council , effective with the first billing cycle of march 2016 , primarily related to the purchase of power block 1 of the union power station . see note 14 to the financial statements for discussion of the union power station purchase . the net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales . the volume/weather variance is primarily due to a decrease of 112 gwh , or 2% ( 2 % ) , in billed electricity usage , partially offset by the effect of favorable weather on commercial sales and a 2% ( 2 % ) increase in the average number of electric customers. .\nQuestion: what was the change in net revenue that was due the net gas revenue adjustment and the volume/weather adjustment, combined, in millions?\nAnswer: -7.6\nQuestion: and what was the total in other adjustments, also in millions?\nAnswer: -8.1\nQuestion: including this total to that change, what then becomes that change value, in millions?\n" }, { "role": "agent", "content": "-15.7" } ]
CONVFINQA1443	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy arkansas 2019s receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years. . <table class='wikitable'><tr><td>1</td><td>2017</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>( $ 166137 )</td><td>( $ 51232 )</td><td>( $ 52742 )</td><td>$ 2218</td></tr></table> see note 4 to the financial statements for a description of the money pool . entergy arkansas has a credit facility in the amount of $ 150 million scheduled to expire in august 2022 . entergy arkansas also has a $ 20 million credit facility scheduled to expire in april 2018 . a0 a0the $ 150 million credit facility permits the issuance of letters of credit against $ 5 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and no letters of credit outstanding under the credit facilities . in addition , entergy arkansas is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . as of december 31 , 2017 , a $ 1 million letter of credit was outstanding under entergy arkansas 2019s uncommitted letter of credit facility . see note 4 to the financial statements for further discussion of the credit facilities . the entergy arkansas nuclear fuel company variable interest entity has a credit facility in the amount of $ 80 million scheduled to expire in may 2019 . a0 a0as of december 31 , 2017 , $ 50 million in letters of credit to support a like amount of commercial paper issued and $ 24.9 million in loans were outstanding under the entergy arkansas nuclear fuel company variable interest entity credit facility . see note 4 to the financial statements for further discussion of the nuclear fuel company variable interest entity credit facility . entergy arkansas obtained authorizations from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 250 million at any time outstanding and borrowings by its nuclear fuel company variable interest entity . see note 4 to the financial statements for further discussion of entergy arkansas 2019s short-term borrowing limits . the long-term securities issuances of entergy arkansas are limited to amounts authorized by the apsc , and the current authorization extends through december 2018 . entergy arkansas , inc . and subsidiaries management 2019s financial discussion and analysis state and local rate regulation and fuel-cost recovery retail rates 2015 base rate filing in april 2015 , entergy arkansas filed with the apsc for a general change in rates , charges , and tariffs . the filing notified the apsc of entergy arkansas 2019s intent to implement a forward test year formula rate plan pursuant to arkansas legislation passed in 2015 , and requested a retail rate increase of $ 268.4 million , with a net increase in revenue of $ 167 million . the filing requested a 10.2% ( 10.2 % ) return on common equity . in september 2015 the apsc staff and intervenors filed direct testimony , with the apsc staff recommending a revenue requirement of $ 217.9 million and a 9.65% ( 9.65 % ) return on common equity . in december 2015 , entergy arkansas , the apsc staff , and certain of the intervenors in the rate case filed with the apsc a joint motion for approval of a settlement of the case that proposed a retail rate increase of approximately $ 225 million with a net increase in revenue of approximately $ 133 million ; an authorized return on common equity of 9.75% ( 9.75 % ) ; and a formula rate plan tariff that provides a +/- 50 basis point band around the 9.75% ( 9.75 % ) allowed return on common equity . a significant portion of the rate increase is related to entergy arkansas 2019s acquisition in march 2016 of union power station power block 2 for a base purchase price of $ 237 million . the settlement agreement also provided for amortization over a 10-year period of $ 7.7 million of previously-incurred costs related to ano post-fukushima compliance and $ 9.9 million of previously-incurred costs related to ano flood barrier compliance . a settlement hearing was held in january 2016 . in february 2016 the apsc approved the settlement with one exception that reduced the retail rate increase proposed in the settlement by $ 5 million . the settling parties agreed to the apsc modifications in february 2016 . the new rates were effective february 24 , 2016 and began billing with the first billing cycle of april 2016 . in march 2016 , entergy arkansas made a compliance filing regarding the .\nQuestion: what were the receivables due in 2017?\nAnswer: 166137.0\nQuestion: what were they in 2016?\nAnswer: 51232.0\nQuestion: what is the sum of those 2 years?\n" }, { "role": "agent", "content": "217369.0" } ]
CONVFINQA6139	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 1 ) the cumulative total return assumes reinvestment of dividends . ( 2 ) the total return is weighted according to market capitalization of each company at the beginning of each year . ( f ) purchases of equity securities by the issuer and affiliated purchasers we have not repurchased any of our common stock since the company filed its initial registration statement on march 16 , ( g ) securities authorized for issuance under equity compensation plans a description of securities authorized for issuance under our equity compensation plans will be incorporated herein by reference to the proxy statement for the 2012 annual meeting of stockholders to be filed within 120 days after the end of the company 2019s fiscal year . item 6 . selected financial data . <table class='wikitable'><tr><td>1</td><td>( $ in millions except per share amounts )</td><td>year ended december 31 2011</td><td>year ended december 31 2010</td><td>year ended december 31 2009</td><td>year ended december 31 2008</td><td>year ended december 31 2007</td></tr><tr><td>2</td><td>sales and service revenues</td><td>$ 6575</td><td>$ 6723</td><td>$ 6292</td><td>$ 6189</td><td>$ 5692</td></tr><tr><td>3</td><td>goodwill impairment</td><td>290</td><td>0</td><td>0</td><td>2490</td><td>0</td></tr><tr><td>4</td><td>operating income ( loss )</td><td>110</td><td>248</td><td>211</td><td>-2354 ( 2354 )</td><td>447</td></tr><tr><td>5</td><td>net earnings ( loss )</td><td>-94 ( 94 )</td><td>135</td><td>124</td><td>-2420 ( 2420 )</td><td>276</td></tr><tr><td>6</td><td>total assets</td><td>6001</td><td>5203</td><td>5036</td><td>4760</td><td>7658</td></tr><tr><td>7</td><td>long-term debt ( 1 )</td><td>1830</td><td>105</td><td>283</td><td>283</td><td>283</td></tr><tr><td>8</td><td>total long-term obligations</td><td>3757</td><td>1559</td><td>1645</td><td>1761</td><td>1790</td></tr><tr><td>9</td><td>free cash flow ( 2 )</td><td>331</td><td>168</td><td>-269 ( 269 )</td><td>121</td><td>364</td></tr><tr><td>10</td><td>basic earnings ( loss ) per share</td><td>$ -1.93 ( 1.93 )</td><td>$ 2.77</td><td>$ 2.54</td><td>$ -49.61 ( 49.61 )</td><td>$ 5.65</td></tr><tr><td>11</td><td>diluted earnings ( loss ) per share</td><td>$ -1.93 ( 1.93 )</td><td>$ 2.77</td><td>$ 2.54</td><td>$ -49.61 ( 49.61 )</td><td>$ 5.65</td></tr></table> ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures . see liquidity and capital resources in item 7 for more information on this measure. .\nQuestion: what was the operating income in 2011?\n" }, { "role": "agent", "content": "110.0" } ]
CONVFINQA2905	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nconsume significant amounts of energy , and we may in the future incur additional or increased capital , operating and other expenditures from changes due to new or increased climate-related and other environmental regulations . we could also incur substantial liabilities , including fines or sanctions , enforcement actions , natural resource damages claims , cleanup and closure costs , and third-party claims for property damage and personal injury under environmental and common laws . the foreign corrupt practices act of 1977 and local anti-bribery laws , including those in brazil , china , mexico , india and the united kingdom ( where we maintain operations directly or through a joint venture ) , prohibit companies and their intermediaries from making improper payments to government officials for the purpose of influencing official decisions . our internal control policies and procedures , or those of our vendors , may not adequately protect us from reckless or criminal acts committed or alleged to have been committed by our employees , agents or vendors . any such violations could lead to civil or criminal monetary and non-monetary penalties and/or could damage our reputation . we are subject to a number of labor and employment laws and regulations that could significantly increase our operating costs and reduce our operational flexibility . additionally , changing privacy laws in the united states ( including the california consumer privacy act , which will become effective in january 2020 ) , europe ( where the general data protection regulation became effective in 2018 ) and elsewhere have created new individual privacy rights , imposed increased obligations on companies handling personal data and increased potential exposure to fines and penalties . item 1b . unresolved staff comments there are no unresolved sec staff comments . item 2 . properties we operate locations in north america , including the majority of u.s . states , south america , europe , asia and australia . we lease our principal offices in atlanta , ga . we believe that our existing production capacity is adequate to serve existing demand for our products and consider our plants and equipment to be in good condition . our corporate and operating facilities as of september 30 , 2019 are summarized below: . <table class='wikitable'><tr><td>1</td><td>segment</td><td>number of facilities owned</td><td>number of facilities leased</td><td>number of facilities total</td></tr><tr><td>2</td><td>corrugated packaging</td><td>112</td><td>61</td><td>173</td></tr><tr><td>3</td><td>consumer packaging</td><td>84</td><td>55</td><td>139</td></tr><tr><td>4</td><td>corporate and significant regional offices</td><td>2014</td><td>10</td><td>10</td></tr><tr><td>5</td><td>total</td><td>196</td><td>126</td><td>322</td></tr></table> the tables that follow show our annual production capacity by mill at september 30 , 2019 in thousands of tons , except for the north charleston , sc mill which reflects our capacity after the previously announced machine closure expected to occur in fiscal 2020 . our mill system production levels and operating rates may vary from year to year due to changes in market and other factors , including the impact of hurricanes and other weather-related events . our simple average mill system operating rates for the last three years averaged 94% ( 94 % ) . we own all of our mills. .\nQuestion: what is the amount of facilities that is owned by the company?\n" }, { "role": "agent", "content": "196.0" } ]
CONVFINQA6229	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 2 . properties a summary of our significant locations at december 31 , 2011 is shown in the following table . all facilities are leased , except for 165000 square feet of our office in alpharetta , georgia . square footage amounts are net of space that has been sublet or part of a facility restructuring. . <table class='wikitable'><tr><td>1</td><td>location</td><td>approximate square footage</td></tr><tr><td>2</td><td>alpharetta georgia</td><td>260000</td></tr><tr><td>3</td><td>arlington virginia</td><td>119000</td></tr><tr><td>4</td><td>jersey city new jersey</td><td>107000</td></tr><tr><td>5</td><td>menlo park california</td><td>91000</td></tr><tr><td>6</td><td>sandy utah</td><td>66000</td></tr><tr><td>7</td><td>new york new york</td><td>39000</td></tr><tr><td>8</td><td>chicago illinois</td><td>25000</td></tr></table> all of our facilities are used by either our trading and investing or balance sheet management segments , in addition to the corporate/other category . all other leased facilities with space of less than 25000 square feet are not listed by location . in addition to the significant facilities above , we also lease all 28 etrade branches , ranging in space from approximately 2500 to 7000 square feet . we believe our facilities space is adequate to meet our needs in 2012 . item 3 . legal proceedings on october 27 , 2000 , ajaxo , inc . ( 201cajaxo 201d ) filed a complaint in the superior court for the state of california , county of santa clara . ajaxo sought damages and certain non-monetary relief for the company 2019s alleged breach of a non-disclosure agreement with ajaxo pertaining to certain wireless technology that ajaxo offered the company as well as damages and other relief against the company for their alleged misappropriation of ajaxo 2019s trade secrets . following a jury trial , a judgment was entered in 2003 in favor of ajaxo against the company for $ 1.3 million for breach of the ajaxo non-disclosure agreement . although the jury found in favor of ajaxo on its claim against the company for misappropriation of trade secrets , the trial court subsequently denied ajaxo 2019s requests for additional damages and relief . on december 21 , 2005 , the california court of appeal affirmed the above-described award against the company for breach of the nondisclosure agreement but remanded the case to the trial court for the limited purpose of determining what , if any , additional damages ajaxo may be entitled to as a result of the jury 2019s previous finding in favor of ajaxo on its claim against the company for misappropriation of trade secrets . although the company paid ajaxo the full amount due on the above-described judgment , the case was remanded back to the trial court , and on may 30 , 2008 , a jury returned a verdict in favor of the company denying all claims raised and demands for damages against the company . following the trial court 2019s filing of entry of judgment in favor of the company on september 5 , 2008 , ajaxo filed post-trial motions for vacating this entry of judgment and requesting a new trial . by order dated november 4 , 2008 , the trial court denied these motions . on december 2 , 2008 , ajaxo filed a notice of appeal with the court of appeal of the state of california for the sixth district . oral argument on the appeal was heard on july 15 , 2010 . on august 30 , 2010 , the court of appeal affirmed the trial court 2019s verdict in part and reversed the verdict in part , remanding the case . etrade petitioned the supreme court of california for review of the court of appeal decision . on december 16 , 2010 , the california supreme court denied the company 2019s petition for review and remanded for further proceedings to the trial court . on september 20 , 2011 , the trial court granted limited discovery at a conference on november 4 , 2011 , and set a motion schedule and trial date . the trial will continue on may 14 , 2012 . the company will continue to defend itself vigorously . on october 2 , 2007 , a class action complaint alleging violations of the federal securities laws was filed in the united states district court for the southern district of new york against the company and its then .\nQuestion: what is the portion of not leased in alpharetta , georgia?\nAnswer: 0.63462\nQuestion: what is the area of the facility in menlo park california?\nAnswer: 91000.0\nQuestion: what about in sandy utah?\nAnswer: 66000.0\nQuestion: what is the ratio of menlo park california space to sandy utah space?\n" }, { "role": "agent", "content": "1.37879" } ]
CONVFINQA1745	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock performance graph * $ 100 invested on december 31 , 2011 in our stock or in the relevant index , including reinvestment of dividends . fiscal year ended december 31 , 2016 . ( 1 ) delphi automotive plc ( 2 ) s&p 500 2013 standard & poor 2019s 500 total return index ( 3 ) automotive supplier peer group 2013 russell 3000 auto parts index , including american axle & manufacturing , borgwarner inc. , cooper tire & rubber company , dana inc. , delphi automotive plc , dorman products inc. , federal-mogul corp. , ford motor co. , general motors co. , gentex corp. , gentherm inc. , genuine parts co. , goodyear tire & rubber co. , johnson controls international plc , lear corp. , lkq corp. , meritor inc. , standard motor products inc. , stoneridge inc. , superior industries international , tenneco inc. , tesla motors inc. , tower international inc. , visteon corp. , and wabco holdings inc . company index december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td>company index</td><td>december 31 2011</td><td>december 31 2012</td><td>december 31 2013</td><td>december 31 2014</td><td>december 31 2015</td><td>december 31 2016</td></tr><tr><td>2</td><td>delphi automotive plc ( 1 )</td><td>$ 100.00</td><td>$ 177.58</td><td>$ 283.02</td><td>$ 347.40</td><td>$ 414.58</td><td>$ 331.43</td></tr><tr><td>3</td><td>s&p 500 ( 2 )</td><td>100.00</td><td>116.00</td><td>153.58</td><td>174.60</td><td>177.01</td><td>198.18</td></tr><tr><td>4</td><td>automotive supplier peer group ( 3 )</td><td>100.00</td><td>127.04</td><td>188.67</td><td>203.06</td><td>198.34</td><td>202.30</td></tr></table> dividends the company has declared and paid cash dividends of $ 0.25 and $ 0.29 per ordinary share in each quarter of 2015 and 2016 , respectively . in addition , in january 2017 , the board of directors declared a regular quarterly cash dividend of $ 0.29 per ordinary share , payable on february 15 , 2017 to shareholders of record at the close of business on february 6 , 2017. .\nQuestion: what was the dividend per share in 2016?\n" }, { "role": "agent", "content": "0.29" } ]
CONVFINQA6947	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nstock price performance the following graph shows a comparison of the cumulative total return on our common stock , the standard & poor 2019s 500 index and the standard & poor 2019s retail index . the graph assumes that the value of an investment in our common stock and in each such index was $ 100 on january 3 , 2009 , and that any dividends have been reinvested . the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock . comparison of cumulative total return among advance auto parts , inc. , s&p 500 index and s&p retail index company/index january 3 , january 2 , january 1 , december 31 , december 29 , december 28 . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>january 3 2009</td><td>january 2 2010</td><td>january 1 2011</td><td>december 31 2011</td><td>december 29 2012</td><td>december 28 2013</td></tr><tr><td>2</td><td>advance auto parts</td><td>$ 100.00</td><td>$ 119.28</td><td>$ 195.80</td><td>$ 206.86</td><td>$ 213.14</td><td>$ 327.63</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>119.67</td><td>134.97</td><td>134.96</td><td>150.51</td><td>197.62</td></tr><tr><td>4</td><td>s&p retail index</td><td>100.00</td><td>141.28</td><td>174.70</td><td>179.79</td><td>219.77</td><td>321.02</td></tr></table> .\nQuestion: what was the price of advance auto in 2012?\nAnswer: 213.14\nQuestion: what is that less 100?\nAnswer: 113.14\nQuestion: what was the price of the s&p index in 2012?\nAnswer: 150.51\nQuestion: what is that less 100?\nAnswer: 50.51\nQuestion: what is the net difference in gains?\n" }, { "role": "agent", "content": "62.63" } ]
CONVFINQA8848	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) the effect of foreign exchange rate changes on cash and cash equivalents included in the consolidated statements of cash flows resulted in a decrease of $ 156.1 in 2015 . the decrease was primarily a result of the u.s . dollar being stronger than several foreign currencies , including the australian dollar , brazilian real , canadian dollar , euro and south african rand as of december 31 , 2015 compared to december 31 , 2014. . <table class='wikitable'><tr><td>1</td><td>balance sheet data</td><td>december 31 , 2016</td><td>december 31 , 2015</td></tr><tr><td>2</td><td>cash cash equivalents and marketable securities</td><td>$ 1100.6</td><td>$ 1509.7</td></tr><tr><td>3</td><td>short-term borrowings</td><td>$ 85.7</td><td>$ 132.9</td></tr><tr><td>4</td><td>current portion of long-term debt</td><td>323.9</td><td>1.9</td></tr><tr><td>5</td><td>long-term debt</td><td>1280.7</td><td>1610.3</td></tr><tr><td>6</td><td>total debt</td><td>$ 1690.3</td><td>$ 1745.1</td></tr></table> liquidity outlook we expect our cash flow from operations , cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months . we also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs . we continue to maintain a disciplined approach to managing liquidity , with flexibility over significant uses of cash , including our capital expenditures , cash used for new acquisitions , our common stock repurchase program and our common stock dividends . from time to time , we evaluate market conditions and financing alternatives for opportunities to raise additional funds or otherwise improve our liquidity profile , enhance our financial flexibility and manage market risk . our ability to access the capital markets depends on a number of factors , which include those specific to us , such as our credit rating , and those related to the financial markets , such as the amount or terms of available credit . there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms , or at all . funding requirements our most significant funding requirements include our operations , non-cancelable operating lease obligations , capital expenditures , acquisitions , common stock dividends , taxes and debt service . additionally , we may be required to make payments to minority shareholders in certain subsidiaries if they exercise their options to sell us their equity interests . notable funding requirements include : 2022 debt service 2013 our 2.25% ( 2.25 % ) senior notes in aggregate principal amount of $ 300.0 mature on november 15 , 2017 , and a $ 22.6 note classified within our other notes payable is due on june 30 , 2017 . we expect to use available cash to fund the retirement of the outstanding notes upon maturity . the remainder of our debt is primarily long-term , with maturities scheduled through 2024 . see the table below for the maturity schedule of our long-term debt . 2022 acquisitions 2013 we paid cash of $ 52.1 , net of cash acquired of $ 13.6 , for acquisitions completed in 2016 . we also paid $ 0.5 in up-front payments and $ 59.3 in deferred payments for prior-year acquisitions as well as ownership increases in our consolidated subsidiaries . in addition to potential cash expenditures for new acquisitions , we expect to pay approximately $ 77.0 in 2017 related to prior-year acquisitions . we may also be required to pay approximately $ 31.0 in 2017 related to put options held by minority shareholders if exercised . we will continue to evaluate strategic opportunities to grow and continue to strengthen our market position , particularly in our digital and marketing services offerings , and to expand our presence in high-growth and key strategic world markets . 2022 dividends 2013 during 2016 , we paid four quarterly cash dividends of $ 0.15 per share on our common stock , which corresponded to aggregate dividend payments of $ 238.4 . on february 10 , 2017 , we announced that our board of directors ( the 201cboard 201d ) had declared a common stock cash dividend of $ 0.18 per share , payable on march 15 , 2017 to holders of record as of the close of business on march 1 , 2017 . assuming we pay a quarterly dividend of $ 0.18 per share and there is no significant change in the number of outstanding shares as of december 31 , 2016 , we would expect to pay approximately $ 280.0 over the next twelve months. .\nQuestion: what was the full amount of cash equivalents and marketable securities in 2016?\nAnswer: 1665.8\nQuestion: what was, then, the change in that amount from 2014 to 2016?\n" }, { "role": "agent", "content": "565.2" } ]
CONVFINQA1589	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 164 jpmorgan chase & co./2013 annual report firm ) is required to hold more than the additional 2.5% ( 2.5 % ) of tier 1 common . in addition , basel iii establishes a 6.5% ( 6.5 % ) tier i common equity standard for the definition of 201cwell capitalized 201d under the prompt corrective action ( 201cpca 201d ) requirements of the fdic improvement act ( 201cfdicia 201d ) . the tier i common equity standard is effective from the first quarter of 2015 . the following chart presents the basel iii minimum risk-based capital ratios during the transitional periods and on a fully phased-in basis . the chart also includes management 2019s target for the firm 2019s tier 1 common ratio . it is the firm 2019s current expectation that its basel iii tier 1 common ratio will exceed the regulatory minimums , both during the transition period and upon full implementation in 2019 and thereafter . the firm estimates that its tier 1 common ratio under the basel iii advanced approach on a fully phased-in basis would be 9.5% ( 9.5 % ) as of december 31 , 2013 , achieving management 2019s previously stated objectives . the tier 1 common ratio as calculated under the basel iii standardized approach is estimated at 9.4% ( 9.4 % ) as of december 31 , 2013 . the tier 1 common ratio under both basel i and basel iii are non-gaap financial measures . however , such measures are used by bank regulators , investors and analysts to assess the firm 2019s capital position and to compare the firm 2019s capital to that of other financial services companies . the following table presents a comparison of the firm 2019s tier 1 common under basel i rules to its estimated tier 1 common under the advanced approach of the basel iii rules , along with the firm 2019s estimated risk-weighted assets . key differences in the calculation of rwa between basel i and basel iii advanced approach include : ( 1 ) basel iii credit risk rwa is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters , whereas basel i rwa is based on fixed supervisory risk- weightings which vary only by counterparty type and asset class ; and ( 2 ) basel iii includes rwa for operational risk , whereas basel i does not . operational risk capital takes into consideration operational losses in the quarter following the period in which those losses were realized , and the calculation generally incorporates such losses irrespective of whether the issues or business activity giving rise to the losses have been remediated or reduced . the firm 2019s operational risk capital model continues to be refined in conjunction with the firm 2019s basel iii advanced approach parallel run . as a result of model enhancements in 2013 , as well as taking into consideration the legal expenses incurred by the firm in 2013 , the firm 2019s operational risk capital increased substantially in 2013 over 2012 . tier 1 common under basel iii includes additional adjustments and deductions not included in basel i tier 1 common , such as the inclusion of accumulated other comprehensive income ( 201caoci 201d ) related to afs securities and defined benefit pension and other postretirement employee benefit ( 201copeb 201d ) plans . december 31 , 2013 ( in millions , except ratios ) . <table class='wikitable'><tr><td>1</td><td>tier 1 common under basel i rules</td><td>$ 148887</td></tr><tr><td>2</td><td>adjustments related to aoci for afs securities and defined benefit pension and opeb plans</td><td>1474</td></tr><tr><td>3</td><td>add back of basel i deductions ( a )</td><td>1780</td></tr><tr><td>4</td><td>deduction for deferred tax asset related to net operating loss and foreign tax credit carryforwards</td><td>-741 ( 741 )</td></tr><tr><td>5</td><td>all other adjustments</td><td>-198 ( 198 )</td></tr><tr><td>6</td><td>estimated tier 1 common under basel iii rules</td><td>$ 151202</td></tr><tr><td>7</td><td>estimated risk-weighted assets under basel iii advanced approach ( b )</td><td>$ 1590873</td></tr><tr><td>8</td><td>estimated tier 1 common ratio under basel iii advanced approach ( c )</td><td>9.5% ( 9.5 % )</td></tr></table> estimated risk-weighted assets under basel iii advanced approach ( b ) $ 1590873 estimated tier 1 common ratio under basel iii advanced approach ( c ) 9.5% ( 9.5 % ) ( a ) certain exposures , which are deducted from capital under basel i , are risked-weighted under basel iii. .\nQuestion: in december, 2013, how much did the estimated risk-weighted assets under basel iii advanced approach represent in relation to the estimated tier 1 common under basel iii rules?\nAnswer: 10.52151\nQuestion: and as of that same date, what was the total of adjustments related to aoci for afs securities and defined benefit pension and opeb plans?\n" }, { "role": "agent", "content": "1474.0" } ]
CONVFINQA10079	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis of financial condition and results of operations ( continued ) the following results drove changes in ccg operating income by approximately the amounts indicated: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>operating income reconciliation</td></tr><tr><td>2</td><td>$ 10646</td><td>2016 ccg operating income</td></tr><tr><td>3</td><td>1250</td><td>lower ccg platform unit cost</td></tr><tr><td>4</td><td>905</td><td>lower ccg operating expense</td></tr><tr><td>5</td><td>625</td><td>higher gross margin from ccg platform revenue1</td></tr><tr><td>6</td><td>-645 ( 645 )</td><td>higher factory start-up costs primarily driven by the ramp of our 10nm process technology</td></tr><tr><td>7</td><td>345</td><td>other</td></tr><tr><td>8</td><td>$ 8166</td><td>2015 ccg operating income</td></tr><tr><td>9</td><td>-2060 ( 2060 )</td><td>higher ccg platform unit costs</td></tr><tr><td>10</td><td>-1565 ( 1565 )</td><td>lower gross margin from ccg platform revenue2</td></tr><tr><td>11</td><td>435</td><td>lower factory start-up costs primarily driven by the ramp of our 14nm process technology</td></tr><tr><td>12</td><td>430</td><td>lower production costs primarily on our 14nm products treated as period charges in 2014</td></tr><tr><td>13</td><td>375</td><td>lower operating expense</td></tr><tr><td>14</td><td>224</td><td>other</td></tr><tr><td>15</td><td>$ 10327</td><td>2014 ccg operating income</td></tr></table> 1 higher gross margin from higher ccg platform revenue was driven by higher average selling prices on notebook and desktop platforms , offset by lower desktop and notebook platform unit sales . 2 lower gross margin from lower ccg platform revenue was driven by lower desktop and notebook platform unit sales , partially offset by higher average selling prices on desktop , notebook , and tablet platforms . data center group segment product overview the dcg operating segment offers platforms designed to provide leading energy-efficient performance for all server , network , and storage applications . in addition , dcg focuses on lowering the total cost of ownership on other specific workload- optimizations for the enterprise , cloud service providers , and communications service provider market segments . in 2016 , we launched the following platforms with an array of functionalities and advancements : 2022 intel ae xeon ae processor e5 v4 family , the foundation for high performing clouds and delivers energy-efficient performance for server , network , and storage workloads . 2022 intel xeon processor e7 v4 family , targeted at platforms requiring four or more cpus ; this processor family delivers high performance and is optimized for real-time analytics and in-memory computing , along with industry-leading reliability , availability , and serviceability . 2022 intel ae xeon phi 2122 product family , formerly code-named knights landing , with up to 72 high-performance intel processor cores , integrated memory and fabric , and a common software programming model with intel xeon processors . the intel xeon phi product family is designed for highly parallel compute and memory bandwidth-intensive workloads . intel xeon phi processors are positioned to increase the performance of supercomputers , enabling trillions of calculations per second , and to address emerging data analytics and artificial intelligence solutions . in 2017 , we expect to release our next generation of intel xeon processors for compute , storage , and network ; a next-generation intel xeon phi processor optimized for deep learning ; and a suite of single-socket products , including next-generation intel xeon e3 processors , next-generation intel atom processors , and next-generation intel xeon-d processors for dense solutions. .\nQuestion: what was the ccg operating income in 2016?\nAnswer: 10646.0\nQuestion: and what was it in 2015?\n" }, { "role": "agent", "content": "8166.0" } ]
CONVFINQA6419	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrepublic services , inc . notes to consolidated financial statements 2014 ( continued ) charges or other amounts due that are probable at settlement . the aggregate cash surrender value of these life insurance policies was $ 90.5 million and $ 77.1 million as of december 31 , 2015 and 2014 , respectively , and is classified in other assets in our consolidated balance sheets . the dcp liability was $ 83.3 million and $ 76.3 million as of december 31 , 2015 and 2014 , respectively , and is classified in other long-term liabilities in our consolidated balance sheets . employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan . the plan allows participants to purchase our common stock for 95% ( 95 % ) of its quoted market price on the last day of each calendar quarter . for the years ended december 31 , 2015 , 2014 and 2013 , issuances under this plan totaled 141055 shares , 139941 shares and 142217 shares , respectively . as of december 31 , 2015 , shares reserved for issuance to employees under this plan totaled 0.6 million and republic held employee contributions of approximately $ 1.4 million for the purchase of common stock . 12 . stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31 , 2015 and 2014 follows ( in millions except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>number of shares repurchased</td><td>9.8</td><td>11.1</td></tr><tr><td>3</td><td>amount paid</td><td>$ 404.7</td><td>$ 400.4</td></tr><tr><td>4</td><td>weighted average cost per share</td><td>$ 41.39</td><td>$ 35.92</td></tr></table> as of december 31 , 2015 , 0.1 million repurchased shares were pending settlement and $ 3.7 million were unpaid and included within our accrued liabilities . in october 2015 , our board of directors added $ 900.0 million to the existing share repurchase authorization , which now extends through december 31 , 2017 . share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws . while the board of directors has approved the program , the timing of any purchases , the prices and the number of shares of common stock to be purchased will be determined by our management , at its discretion , and will depend upon market conditions and other factors . the share repurchase program may be extended , suspended or discontinued at any time . as of december 31 , 2015 , the october 2015 repurchase program had remaining authorized purchase capacity of $ 855.5 million . in december 2015 , our board of directors changed the status of 71272964 treasury shares to authorized and unissued . in doing so , the number of our issued shares was reduced by the stated amount . our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital . the change in unissued shares resulted in a reduction of $ 2295.3 million in treasury stock , $ 0.6 million in common stock , and $ 2294.7 million in additional paid-in capital . there was no effect on our total stockholders 2019 equity position as a result of the change . dividends in october 2015 , our board of directors approved a quarterly dividend of $ 0.30 per share . cash dividends declared were $ 404.3 million , $ 383.6 million and $ 357.3 million for the years ended december 31 , 2015 , 2014 and 2013 , respectively . as of december 31 , 2015 , we recorded a quarterly dividend payable of $ 103.7 million to shareholders of record at the close of business on january 4 , 2016. .\nQuestion: what was the difference in weighted average cost per share between 2014 and 2015?\n" }, { "role": "agent", "content": "5.47" } ]
CONVFINQA9851	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively . the firm has elected the fair value option for certain securities financing agreements . for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented . december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value . ( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value . ( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value . ( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value . there were no securities loaned accounted for at fair value at december 31 , 2011 . the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed . the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s . agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. . <table class='wikitable'><tr><td>1</td><td>december 31 ( in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>securities purchased under resale agreements ( a )</td><td>$ 295413</td><td>$ 235000</td></tr><tr><td>3</td><td>securities borrowed ( b )</td><td>119017</td><td>142462</td></tr><tr><td>4</td><td>securities sold under repurchase agreements ( c )</td><td>$ 215560</td><td>$ 197789</td></tr><tr><td>5</td><td>securities loaned ( d )</td><td>23582</td><td>14214</td></tr></table> jpmorgan chase & co./2012 annual report 249 note 13 2013 securities financing activities jpmorgan chase enters into resale agreements , repurchase agreements , securities borrowed transactions and securities loaned transactions ( collectively , 201csecurities financing agreements 201d ) primarily to finance the firm 2019s inventory positions , acquire securities to cover short positions , accommodate customers 2019 financing needs , and settle other securities obligations . securities financing agreements are treated as collateralized financings on the firm 2019s consolidated balance sheets . resale and repurchase agreements are generally carried at the amounts at which the securities will be subsequently sold or repurchased , plus accrued interest . securities borrowed and securities loaned transactions are generally carried at the amount of cash collateral advanced or received . where appropriate under applicable accounting guidance , resale and repurchase agreements with the same counterparty are reported on a net basis . fees received and paid in connection with securities financing agreements are recorded in interest income and interest expense , respectively . the firm has elected the fair value option for certain securities financing agreements . for further information regarding the fair value option , see note 4 on pages 214 2013 216 of this annual report . the securities financing agreements for which the fair value option has been elected are reported within securities purchased under resale agreements ; securities loaned or sold under repurchase agreements ; and securities borrowed on the consolidated balance sheets . generally , for agreements carried at fair value , current-period interest accruals are recorded within interest income and interest expense , with changes in fair value reported in principal transactions revenue . however , for financial instruments containing embedded derivatives that would be separately accounted for in accordance with accounting guidance for hybrid instruments , all changes in fair value , including any interest elements , are reported in principal transactions revenue . the following table details the firm 2019s securities financing agreements , all of which are accounted for as collateralized financings during the periods presented . december 31 , ( in millions ) 2012 2011 securities purchased under resale agreements ( a ) $ 295413 $ 235000 securities borrowed ( b ) 119017 142462 securities sold under repurchase agreements ( c ) $ 215560 $ 197789 securities loaned ( d ) 23582 14214 ( a ) at december 31 , 2012 and 2011 , included resale agreements of $ 24.3 billion and $ 22.2 billion , respectively , accounted for at fair value . ( b ) at december 31 , 2012 and 2011 , included securities borrowed of $ 10.2 billion and $ 15.3 billion , respectively , accounted for at fair value . ( c ) at december 31 , 2012 and 2011 , included repurchase agreements of $ 3.9 billion and $ 6.8 billion , respectively , accounted for at fair value . ( d ) at december 31 , 2012 , included securities loaned of $ 457 million accounted for at fair value . there were no securities loaned accounted for at fair value at december 31 , 2011 . the amounts reported in the table above were reduced by $ 96.9 billion and $ 115.7 billion at december 31 , 2012 and 2011 , respectively , as a result of agreements in effect that meet the specified conditions for net presentation under applicable accounting guidance . jpmorgan chase 2019s policy is to take possession , where possible , of securities purchased under resale agreements and of securities borrowed . the firm monitors the value of the underlying securities ( primarily g7 government securities , u.s . agency securities and agency mbs , and equities ) that it has received from its counterparties and either requests additional collateral or returns a portion of the collateral when appropriate in light of the market value of the underlying securities . margin levels are established initially based upon the counterparty and type of collateral and monitored on an ongoing basis to protect against declines in collateral value in the event of default . jpmorgan chase typically enters into master netting agreements and other collateral arrangements with its resale agreement and securities borrowed counterparties , which provide for the right to liquidate the purchased or borrowed securities in the event of a customer default . as a result of the firm 2019s credit risk mitigation practices with respect to resale and securities borrowed agreements as described above , the firm did not hold any reserves for credit impairment with respect to these agreements as of december 31 , 2012 and for further information regarding assets pledged and collateral received in securities financing agreements , see note 30 on pages 315 2013316 of this annual report. .\nQuestion: what is the amount of securities borrowed in 2012?\nAnswer: 119017.0\nQuestion: what about the amount of securities loaned?\n" }, { "role": "agent", "content": "23582.0" } ]
CONVFINQA4072	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 122 jpmorgan chase & co./2015 annual report wholesale credit portfolio the firm 2019s wholesale businesses are exposed to credit risk through underwriting , lending , market-making , and hedging activities with and for clients and counterparties , as well as through various operating services such as cash management and clearing activities . a portion of the loans originated or acquired by the firm 2019s wholesale businesses is generally retained on the balance sheet . the firm distributes a significant percentage of the loans it originates into the market as part of its syndicated loan business and to manage portfolio concentrations and credit risk . the wholesale credit portfolio , excluding oil & gas , continued to be generally stable throughout 2015 , characterized by low levels of criticized exposure , nonaccrual loans and charge-offs . growth in loans retained was driven by increased client activity , notably in commercial real estate . discipline in underwriting across all areas of lending continues to remain a key point of focus . the wholesale portfolio is actively managed , in part by conducting ongoing , in-depth reviews of client credit quality and transaction structure , inclusive of collateral where applicable ; and of industry , product and client concentrations . wholesale credit portfolio december 31 , credit exposure nonperforming ( c ) . <table class='wikitable'><tr><td>1</td><td>december 31 , ( in millions )</td><td>december 31 , 2015</td><td>december 31 , 2014</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>loans retained</td><td>$ 357050</td><td>$ 324502</td><td>$ 988</td><td>$ 599</td></tr><tr><td>3</td><td>loans held-for-sale</td><td>1104</td><td>3801</td><td>3</td><td>4</td></tr><tr><td>4</td><td>loans at fair value</td><td>2861</td><td>2611</td><td>25</td><td>21</td></tr><tr><td>5</td><td>loans 2013 reported</td><td>361015</td><td>330914</td><td>1016</td><td>624</td></tr><tr><td>6</td><td>derivative receivables</td><td>59677</td><td>78975</td><td>204</td><td>275</td></tr><tr><td>7</td><td>receivables from customers and other ( a )</td><td>13372</td><td>28972</td><td>2014</td><td>2014</td></tr><tr><td>8</td><td>total wholesale credit-related assets</td><td>434064</td><td>438861</td><td>1220</td><td>899</td></tr><tr><td>9</td><td>lending-related commitments</td><td>366399</td><td>366881</td><td>193</td><td>103</td></tr><tr><td>10</td><td>total wholesale credit exposure</td><td>$ 800463</td><td>$ 805742</td><td>$ 1413</td><td>$ 1002</td></tr><tr><td>11</td><td>credit derivatives usedin credit portfolio management activities ( b )</td><td>$ -20681 ( 20681 )</td><td>$ -26703 ( 26703 )</td><td>$ -9 ( 9 )</td><td>$ 2014</td></tr><tr><td>12</td><td>liquid securities and other cash collateral held against derivatives</td><td>-16580 ( 16580 )</td><td>-19604 ( 19604 )</td><td>na</td><td>na</td></tr></table> receivables from customers and other ( a ) 13372 28972 2014 2014 total wholesale credit- related assets 434064 438861 1220 899 lending-related commitments 366399 366881 193 103 total wholesale credit exposure $ 800463 $ 805742 $ 1413 $ 1002 credit derivatives used in credit portfolio management activities ( b ) $ ( 20681 ) $ ( 26703 ) $ ( 9 ) $ 2014 liquid securities and other cash collateral held against derivatives ( 16580 ) ( 19604 ) na na ( a ) receivables from customers and other include $ 13.3 billion and $ 28.8 billion of margin loans at december 31 , 2015 and 2014 , respectively , to prime and retail brokerage customers ; these are classified in accrued interest and accounts receivable on the consolidated balance sheets . ( b ) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures ; these derivatives do not qualify for hedge accounting under u.s . gaap . for additional information , see credit derivatives on page 129 , and note 6 . ( c ) excludes assets acquired in loan satisfactions. .\nQuestion: what is the balance of loans retained as of december 31, 2015?\n" }, { "role": "agent", "content": "357050.0" } ]
CONVFINQA10400	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nperformance graph the performance graph below shows the five-year cumulative total stockholder return on applied common stock during the period from october 25 , 2009 through october 26 , 2014 . this is compared with the cumulative total return of the standard & poor 2019s 500 stock index and the rdg semiconductor composite index over the same period . the comparison assumes $ 100 was invested on october 25 , 2009 in applied common stock and in each of the foregoing indices and assumes reinvestment of dividends , if any . dollar amounts in the graph are rounded to the nearest whole dollar . the performance shown in the graph represents past performance and should not be considered an indication of future performance . comparison of 5 year cumulative total return* among applied materials , inc. , the s&p 500 index 201cs&p 201d is a registered trademark of standard & poor 2019s financial services llc , a subsidiary of the mcgraw-hill companies , inc. . <table class='wikitable'><tr><td>1</td><td>-</td><td>10/25/2009</td><td>10/31/2010</td><td>10/30/2011</td><td>10/28/2012</td><td>10/27/2013</td><td>10/26/2014</td></tr><tr><td>2</td><td>applied materials</td><td>100.00</td><td>97.43</td><td>101.85</td><td>88.54</td><td>151.43</td><td>183.29</td></tr><tr><td>3</td><td>s&p 500 index</td><td>100.00</td><td>116.52</td><td>125.94</td><td>145.09</td><td>184.52</td><td>216.39</td></tr><tr><td>4</td><td>rdg semiconductor composite index</td><td>100.00</td><td>121.00</td><td>132.42</td><td>124.95</td><td>163.20</td><td>207.93</td></tr></table> dividends during fiscal 2014 , applied 2019s board of directors declared four quarterly cash dividends of $ 0.10 per share each . during fiscal 2013 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.10 per share each and one quarterly cash dividend of $ 0.09 per share . during fiscal 2012 , applied 2019s board of directors declared three quarterly cash dividends of $ 0.09 per share each and one quarterly cash dividend of $ 0.08 . dividends declared during fiscal 2014 , 2013 and 2012 totaled $ 487 million , $ 469 million and $ 438 million , respectively . applied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future , although the declaration and amount of any future cash dividends are at the discretion of the board of directors and will depend on applied 2019s financial condition , results of operations , capital requirements , business conditions and other factors , as well as a determination that cash dividends are in the best interests of applied 2019s stockholders . $ 100 invested on 10/25/09 in stock or 10/31/09 in index , including reinvestment of dividends . indexes calculated on month-end basis . and the rdg semiconductor composite index 183145 97 102 121 132 10/25/09 10/31/10 10/30/11 10/28/12 10/27/13 10/26/14 applied materials , inc . s&p 500 rdg semiconductor composite .\nQuestion: what is the change in value of an investment in the applied materials from 2009 to 2014?\n" }, { "role": "agent", "content": "83.29" } ]
CONVFINQA7588	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndirect the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase options are not considered to be potentially significant to the vies . the future minimum lease payments associated with the vie leases totaled $ 3.0 billion as of december 31 , 2014 . 17 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2014 and 2013 included $ 2454 million , net of $ 1210 million of accumulated depreciation , and $ 2486 million , net of $ 1092 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2014 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2015</td><td>$ 508</td><td>$ 253</td></tr><tr><td>3</td><td>2016</td><td>484</td><td>249</td></tr><tr><td>4</td><td>2017</td><td>429</td><td>246</td></tr><tr><td>5</td><td>2018</td><td>356</td><td>224</td></tr><tr><td>6</td><td>2019</td><td>323</td><td>210</td></tr><tr><td>7</td><td>later years</td><td>1625</td><td>745</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 3725</td><td>$ 1927</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-407 ( 407 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1520</td></tr></table> approximately 95% ( 95 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 593 million in 2014 , $ 618 million in 2013 , and $ 631 million in 2012 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 18 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements . we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work . our personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments . approximately 93% ( 93 % ) of the recorded liability is related to asserted claims and approximately 7% ( 7 % ) is related to unasserted claims at december 31 , 2014 . because of the uncertainty .\nQuestion: what are minimum payments of operating leases?\n" }, { "role": "agent", "content": "3725.0" } ]
CONVFINQA8441	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncritical accounting estimates our consolidated financial statements include amounts that , either by their nature or due to requirements of accounting princi- ples generally accepted in the u.s . ( gaap ) , are determined using best estimates and assumptions . while we believe that the amounts included in our consolidated financial statements reflect our best judgment , actual amounts could ultimately materi- ally differ from those currently presented . we believe the items that require the most subjective and complex estimates are : 2022 unpaid loss and loss expense reserves , including long-tail asbestos and environmental ( a&e ) reserves ; 2022 future policy benefits reserves ; 2022 valuation of value of business acquired ( voba ) and amortization of deferred policy acquisition costs and voba ; 2022 the assessment of risk transfer for certain structured insurance and reinsurance contracts ; 2022 reinsurance recoverable , including a provision for uncollectible reinsurance ; 2022 the valuation of our investment portfolio and assessment of other-than-temporary impairments ( otti ) ; 2022 the valuation of deferred tax assets ; 2022 the valuation of derivative instruments related to guaranteed minimum income benefits ( gmib ) ; and 2022 the valuation of goodwill . we believe our accounting policies for these items are of critical importance to our consolidated financial statements . the following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled : prior period development , asbestos and environmental and other run-off liabilities , reinsurance recoverable on ceded reinsurance , investments , net realized gains ( losses ) , and other income and expense items . unpaid losses and loss expenses overview and key data as an insurance and reinsurance company , we are required , by applicable laws and regulations and gaap , to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers . the estimate of the liabilities includes provisions for claims that have been reported but are unpaid at the balance sheet date ( case reserves ) and for future obligations on claims that have been incurred but not reported ( ibnr ) at the balance sheet date ( ibnr may also include a provision for additional development on reported claims in instances where the case reserve is viewed to be potentially insufficient ) . loss reserves also include an estimate of expenses associated with processing and settling unpaid claims ( loss expenses ) . at december 31 , 2009 , our gross unpaid loss and loss expense reserves were $ 37.8 billion and our net unpaid loss and loss expense reserves were $ 25 billion . with the exception of certain structured settlements , for which the timing and amount of future claim pay- ments are reliably determinable , our loss reserves are not discounted for the time value of money . in connection with such structured settlements , we carry net reserves of $ 76 million , net of discount . the table below presents a roll-forward of our unpaid losses and loss expenses for the years ended december 31 , 2009 and 2008. . <table class='wikitable'><tr><td>1</td><td>( in millions of u.s . dollars )</td><td>2009 gross losses</td><td>2009 reinsurance recoverable ( 1 )</td><td>2009 net losses</td><td>2009 gross losses</td><td>2009 reinsurance recoverable ( 1 )</td><td>net losses</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 37176</td><td>$ 12935</td><td>$ 24241</td><td>$ 37112</td><td>$ 13520</td><td>$ 23592</td></tr><tr><td>3</td><td>losses and loss expenses incurred</td><td>11141</td><td>3719</td><td>7422</td><td>10944</td><td>3341</td><td>7603</td></tr><tr><td>4</td><td>losses and loss expenses paid</td><td>-11093 ( 11093 )</td><td>-4145 ( 4145 )</td><td>-6948 ( 6948 )</td><td>-9899 ( 9899 )</td><td>-3572 ( 3572 )</td><td>-6327 ( 6327 )</td></tr><tr><td>5</td><td>other ( including foreign exchange revaluation )</td><td>559</td><td>236</td><td>323</td><td>-1367 ( 1367 )</td><td>-387 ( 387 )</td><td>-980 ( 980 )</td></tr><tr><td>6</td><td>losses and loss expenses acquired</td><td>2013</td><td>2013</td><td>2013</td><td>386</td><td>33</td><td>353</td></tr><tr><td>7</td><td>balance end of year</td><td>$ 37783</td><td>$ 12745</td><td>$ 25038</td><td>$ 37176</td><td>$ 12935</td><td>$ 24241</td></tr></table> ( 1 ) net of provision for uncollectible reinsurance .\nQuestion: what was the net change in value of net unpaid losses from 2008 to 2009?\nAnswer: 797.0\nQuestion: what was the value in 2008?\nAnswer: 24241.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.03288" } ]
CONVFINQA710	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nrecourse and repurchase obligations as discussed in note 3 loan sale and servicing activities and variable interest entities , pnc has sold commercial mortgage , residential mortgage and home equity loans directly or indirectly through securitization and loan sale transactions in which we have continuing involvement . one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets . commercial mortgage loan recourse obligations we originate , close and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing ( dus ) program . we participated in a similar program with the fhlmc . under these programs , we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement . at december 31 , 2013 and december 31 , 2012 , the unpaid principal balance outstanding of loans sold as a participant in these programs was $ 11.7 billion and $ 12.8 billion , respectively . the potential maximum exposure under the loss share arrangements was $ 3.6 billion at december 31 , 2013 and $ 3.9 billion at december 31 , 2012 . we maintain a reserve for estimated losses based upon our exposure . the reserve for losses under these programs totaled $ 33 million and $ 43 million as of december 31 , 2013 and december 31 , 2012 , respectively , and is included in other liabilities on our consolidated balance sheet . if payment is required under these programs , we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred , although the value of the collateral is taken into account in determining our share of such losses . our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment . table 152 : analysis of commercial mortgage recourse obligations . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>january 1</td><td>$ 43</td><td>$ 47</td></tr><tr><td>3</td><td>reserve adjustments net</td><td>-9 ( 9 )</td><td>4</td></tr><tr><td>4</td><td>losses 2013 loan repurchases and settlements</td><td>-1 ( 1 )</td><td>-8 ( 8 )</td></tr><tr><td>5</td><td>december 31</td><td>$ 33</td><td>$ 43</td></tr></table> residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis , we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors . these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements . for additional information on loan sales see note 3 loan sale and servicing activities and variable interest entities . our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc , as indemnification and repurchase losses associated with fha and va-insured and uninsured loans pooled in gnma securitizations historically have been minimal . repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment . in the fourth quarter of 2013 , pnc reached agreements with both fnma and fhlmc to resolve their repurchase claims with respect to loans sold between 2000 and 2008 . pnc paid a total of $ 191 million related to these settlements . pnc 2019s repurchase obligations also include certain brokered home equity loans/lines of credit that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition of national city . pnc is no longer engaged in the brokered home equity lending business , and our exposure under these loan repurchase obligations is limited to repurchases of loans sold in these transactions . repurchase activity associated with brokered home equity loans/lines of credit is reported in the non-strategic assets portfolio segment . indemnification and repurchase liabilities are initially recognized when loans are sold to investors and are subsequently evaluated by management . initial recognition and subsequent adjustments to the indemnification and repurchase liability for the sold residential mortgage portfolio are recognized in residential mortgage revenue on the consolidated income statement . since pnc is no longer engaged in the brokered home equity lending business , only subsequent adjustments are recognized to the home equity loans/lines indemnification and repurchase liability . these adjustments are recognized in other noninterest income on the consolidated income statement . 214 the pnc financial services group , inc . 2013 form 10-k .\nQuestion: what is the potential maximum exposure under the loss share arrangements in 2012?\nAnswer: 3.6\nQuestion: what about in 2013?\nAnswer: 3.9\nQuestion: what is the total for these two years?\n" }, { "role": "agent", "content": "7.5" } ]
CONVFINQA8413	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndisclosure of , the issuance of certain types of guarantees . the adoption of fasb interpretation no . 45 did not have a signif- icant impact on the net income or equity of the company . in january 2003 , fasb interpretation no . 46 , 201cconsolidation of variable interest entities , an interpretation of arb 51 , 201d was issued . the primary objectives of this interpretation , as amended , are to provide guidance on the identification and consolidation of variable interest entities , or vies , which are entities for which control is achieved through means other than through voting rights . the company has completed an analysis of this interpretation and has determined that it does not have any vies . 4 . acquisitions family health plan , inc . effective january 1 , 2004 , the company commenced opera- tions in ohio through the acquisition from family health plan , inc . of certain medicaid-related assets for a purchase price of approximately $ 6800 . the cost to acquire the medicaid-related assets will be allocated to the assets acquired and liabilities assumed according to estimated fair values . hmo blue texas effective august 1 , 2003 , the company acquired certain medicaid-related contract rights of hmo blue texas in the san antonio , texas market for $ 1045 . the purchase price was allocated to acquired contracts , which are being amor- tized on a straight-line basis over a period of five years , the expected period of benefit . group practice affiliates during 2003 , the company acquired a 100% ( 100 % ) ownership interest in group practice affiliates , llc , a behavioral healthcare services company ( 63.7% ( 63.7 % ) in march 2003 and 36.3% ( 36.3 % ) in august 2003 ) . the consolidated financial state- ments include the results of operations of gpa since march 1 , 2003 . the company paid $ 1800 for its purchase of gpa . the cost to acquire the ownership interest has been allocated to the assets acquired and liabilities assumed according to estimated fair values and is subject to adjustment when additional information concerning asset and liability valuations are finalized . the preliminary allocation has resulted in goodwill of approximately $ 3895 . the goodwill is not amortized and is not deductible for tax purposes . pro forma disclosures related to the acquisition have been excluded as immaterial . scriptassist in march 2003 , the company purchased contract and name rights of scriptassist , llc ( scriptassist ) , a medication com- pliance company . the purchase price of $ 563 was allocated to acquired contracts , which are being amortized on a straight-line basis over a period of five years , the expected period of benefit . the investor group who held membership interests in scriptassist included one of the company 2019s executive officers . university health plans , inc . on december 1 , 2002 , the company purchased 80% ( 80 % ) of the outstanding capital stock of university health plans , inc . ( uhp ) in new jersey . in october 2003 , the company exercised its option to purchase the remaining 20% ( 20 % ) of the outstanding capital stock . centene paid a total purchase price of $ 13258 . the results of operations for uhp are included in the consolidated financial statements since december 1 , 2002 . the acquisition of uhp resulted in identified intangible assets of $ 3800 , representing purchased contract rights and provider network . the intangibles are being amortized over a ten-year period . goodwill of $ 7940 is not amortized and is not deductible for tax purposes . changes during 2003 to the preliminary purchase price allocation primarily consisted of the purchase of the remaining 20% ( 20 % ) of the outstanding stock and the recognition of intangible assets and related deferred tax liabilities . the following unaudited pro forma information presents the results of operations of centene and subsidiaries as if the uhp acquisition described above had occurred as of january 1 , 2001 . these pro forma results may not necessar- ily reflect the actual results of operations that would have been achieved , nor are they necessarily indicative of future results of operations. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>revenue</td><td>$ 567048</td><td>$ 395155</td></tr><tr><td>3</td><td>net earnings</td><td>25869</td><td>11573</td></tr><tr><td>4</td><td>diluted earnings per common share</td><td>1.48</td><td>1.00</td></tr></table> diluted earnings per common share 1.48 1.00 texas universities health plan in june 2002 , the company purchased schip contracts in three texas service areas . the cash purchase price of $ 595 was recorded as purchased contract rights , which are being amortized on a straight-line basis over five years , the expected period of benefit . bankers reserve in march 2002 , the company acquired bankers reserve life insurance company of wisconsin for a cash purchase price of $ 3527 . the company allocated the purchase price to net tangible and identifiable intangible assets based on their fair value . centene allocated $ 479 to identifiable intangible assets , representing the value assigned to acquired licenses , which are being amortized on a straight-line basis over a notes to consolidated financial statements ( continued ) centene corporation and subsidiaries .\nQuestion: what is the difference in diluted earnings per common share from 2001 to 2002?\nAnswer: 0.48\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.48" } ]
CONVFINQA9609	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe goldman sachs group , inc . and subsidiaries notes to consolidated financial statements commercial lending . the firm 2019s commercial lending commitments are extended to investment-grade and non- investment-grade corporate borrowers . commitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes . the firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing . commitments that are extended for contingent acquisition financing are often intended to be short-term in nature , as borrowers often seek to replace them with other funding sources . sumitomo mitsui financial group , inc . ( smfg ) provides the firm with credit loss protection on certain approved loan commitments ( primarily investment-grade commercial lending commitments ) . the notional amount of such loan commitments was $ 26.88 billion and $ 27.03 billion as of december 2016 and december 2015 , respectively . the credit loss protection on loan commitments provided by smfg is generally limited to 95% ( 95 % ) of the first loss the firm realizes on such commitments , up to a maximum of approximately $ 950 million . in addition , subject to the satisfaction of certain conditions , upon the firm 2019s request , smfg will provide protection for 70% ( 70 % ) of additional losses on such commitments , up to a maximum of $ 1.13 billion , of which $ 768 million of protection had been provided as of both december 2016 and december 2015 . the firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by smfg . these instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity , or credit default swaps that reference a market index . warehouse financing . the firm provides financing to clients who warehouse financial assets . these arrangements are secured by the warehoused assets , primarily consisting of consumer and corporate loans . contingent and forward starting resale and securities borrowing agreements/forward starting repurchase and secured lending agreements the firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date , generally within three business days . the firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements . the firm 2019s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused . letters of credit the firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements . investment commitments the firm 2019s investment commitments include commitments to invest in private equity , real estate and other assets directly and through funds that the firm raises and manages . investment commitments include $ 2.10 billion and $ 2.86 billion as of december 2016 and december 2015 , respectively , related to commitments to invest in funds managed by the firm . if these commitments are called , they would be funded at market value on the date of investment . leases the firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069 . certain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges . the table below presents future minimum rental payments , net of minimum sublease rentals . $ in millions december 2016 . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>as of december 2016</td></tr><tr><td>2</td><td>2017</td><td>$ 290</td></tr><tr><td>3</td><td>2018</td><td>282</td></tr><tr><td>4</td><td>2019</td><td>238</td></tr><tr><td>5</td><td>2020</td><td>206</td></tr><tr><td>6</td><td>2021</td><td>159</td></tr><tr><td>7</td><td>2022 - thereafter</td><td>766</td></tr><tr><td>8</td><td>total</td><td>$ 1941</td></tr></table> rent charged to operating expense was $ 244 million for 2016 , $ 249 million for 2015 and $ 309 million for 2014 . operating leases include office space held in excess of current requirements . rent expense relating to space held for growth is included in 201coccupancy . 201d the firm records a liability , based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals , for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits . costs to terminate a lease before the end of its term are recognized and measured at fair value on termination . during 2016 , the firm incurred exit costs of approximately $ 68 million related to excess office space . goldman sachs 2016 form 10-k 169 .\nQuestion: what is the total value of investment commitments for 2015 and 2016?\nAnswer: 4.96\nQuestion: what os the total rent charge for 2016 and 2015?\nAnswer: 493.0\nQuestion: what about if 2014 is added?\n" }, { "role": "agent", "content": "802.0" } ]
CONVFINQA3480	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries management 2019s financial discussion and analysis combination . consistent with the terms of the stipulated settlement in the business combination proceeding , electric customers of entergy louisiana will realize customer credits associated with the business combination ; accordingly , in october 2015 , entergy recorded a regulatory liability of $ 107 million ( $ 66 million net-of-tax ) . these costs are being amortized over a nine-year period beginning december 2015 . see note 2 to the financial statements for further discussion of the business combination and customer credits . the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage , partially offset by the effect of less favorable weather on residential sales . the increase in industrial usage is primarily due to expansion projects , primarily in the chemicals industry , and increased demand from new customers , primarily in the industrial gases industry . the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc . the tax savings results from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike . see note 3 to the financial statements for additional discussion of the settlement and benefit sharing . included in other is a provision of $ 23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding , offset by a provision of $ 32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding . see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding . entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2015 net revenue</td><td>$ 1666</td></tr><tr><td>3</td><td>nuclear realized price changes</td><td>-149 ( 149 )</td></tr><tr><td>4</td><td>rhode island state energy center</td><td>-44 ( 44 )</td></tr><tr><td>5</td><td>nuclear volume</td><td>-36 ( 36 )</td></tr><tr><td>6</td><td>fitzpatrick reimbursement agreement</td><td>41</td></tr><tr><td>7</td><td>nuclear fuel expenses</td><td>68</td></tr><tr><td>8</td><td>other</td><td>-4 ( 4 )</td></tr><tr><td>9</td><td>2016 net revenue</td><td>$ 1542</td></tr></table> as shown in the table above , net revenue for entergy wholesale commodities decreased by approximately $ 124 million in 2016 primarily due to : 2022 lower realized wholesale energy prices and lower capacity prices , although the average revenue per mwh shown in the table below for the nuclear fleet is slightly higher because it includes revenues from the fitzpatrick reimbursement agreement with exelon , the amortization of the palisades below-market ppa , and vermont yankee capacity revenue . the effect of the amortization of the palisades below-market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal ; 2022 the sale of the rhode island state energy center in december 2015 . see note 14 to the financial statements for further discussion of the rhode island state energy center sale ; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015 . see 201cnuclear .\nQuestion: what is the change in net revenue from 2015 to 2016?\n" }, { "role": "agent", "content": "-124.0" } ]
CONVFINQA2090	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries notes to financial statements as of december 31 , 2008 , system energy had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) , which are recorded as long-term debt as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>2009</td><td>$ 47760</td></tr><tr><td>3</td><td>2010</td><td>48569</td></tr><tr><td>4</td><td>2011</td><td>49437</td></tr><tr><td>5</td><td>2012</td><td>49959</td></tr><tr><td>6</td><td>2013</td><td>50546</td></tr><tr><td>7</td><td>years thereafter</td><td>103890</td></tr><tr><td>8</td><td>total</td><td>350161</td></tr><tr><td>9</td><td>less : amount representing interest</td><td>54857</td></tr><tr><td>10</td><td>present value of net minimum lease payments</td><td>$ 295304</td></tr></table> .\nQuestion: what portion of the total minimum lease payments is related to interest?\nAnswer: 0.15666\nQuestion: what about the portion that is due after 2013?\n" }, { "role": "agent", "content": "0.29669" } ]
CONVFINQA8995	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nschlumberger limited and subsidiaries shares of common stock issued in treasury shares outstanding ( stated in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>issued</td><td>in treasury</td><td>shares outstanding</td></tr><tr><td>2</td><td>balance january 1 2008</td><td>1334</td><td>-138 ( 138 )</td><td>1196</td></tr><tr><td>3</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>5</td><td>5</td></tr><tr><td>4</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>2</td><td>2</td></tr><tr><td>5</td><td>stock repurchase program</td><td>2013</td><td>-21 ( 21 )</td><td>-21 ( 21 )</td></tr><tr><td>6</td><td>issued on conversions of debentures</td><td>2013</td><td>12</td><td>12</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>1334</td><td>-140 ( 140 )</td><td>1194</td></tr><tr><td>8</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>4</td><td>4</td></tr><tr><td>9</td><td>vesting of restricted stock</td><td>2013</td><td>1</td><td>1</td></tr><tr><td>10</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>4</td><td>4</td></tr><tr><td>11</td><td>stock repurchase program</td><td>2013</td><td>-8 ( 8 )</td><td>-8 ( 8 )</td></tr><tr><td>12</td><td>balance december 31 2009</td><td>1334</td><td>-139 ( 139 )</td><td>1195</td></tr><tr><td>13</td><td>acquisition of smith international inc .</td><td>100</td><td>76</td><td>176</td></tr><tr><td>14</td><td>shares sold to optionees less shares exchanged</td><td>2013</td><td>6</td><td>6</td></tr><tr><td>15</td><td>shares issued under employee stock purchase plan</td><td>2013</td><td>3</td><td>3</td></tr><tr><td>16</td><td>stock repurchase program</td><td>2013</td><td>-27 ( 27 )</td><td>-27 ( 27 )</td></tr><tr><td>17</td><td>issued on conversions of debentures</td><td>2013</td><td>8</td><td>8</td></tr><tr><td>18</td><td>balance december 31 2010</td><td>1434</td><td>-73 ( 73 )</td><td>1361</td></tr></table> see the notes to consolidated financial statements part ii , item 8 .\nQuestion: what is the sum of balances of outstanding shares for 2009 and 2010?\n" }, { "role": "agent", "content": "2556.0" } ]
CONVFINQA741	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to the consolidated financial statements the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the commitment fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of sixty percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . there were no amounts outstanding under the credit agreement at december 31 , on november 12 , 2010 , ppg completed a public offering of $ 250 million in aggregate principal amount of its 1.900% ( 1.900 % ) notes due 2016 ( the 201c2016 notes 201d ) , $ 500 million in aggregate principal amount of its 3.600% ( 3.600 % ) notes due 2020 ( the 201c2020 notes 201d ) and $ 250 million in aggregate principal amount of its 5.500% ( 5.500 % ) notes due 2040 ( the 201c2040 notes 201d ) . these notes were issued pursuant to an indenture dated as of march 18 , 2008 ( the 201coriginal indenture 201d ) between the company and the bank of new york mellon trust company , n.a. , as trustee ( the 201ctrustee 201d ) , as supplemented by a first supplemental indenture dated as of march 18 , 2008 between the company and the trustee ( the 201cfirst supplemental indenture 201d ) and a second supplemental indenture dated as of november 12 , 2010 between the company and the trustee ( the 201csecond supplemental indenture 201d and , together with the original indenture and the first supplemental indenture , the 201cindenture 201d ) . the company may issue additional debt from time to time pursuant to the original indenture . the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets . the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the second supplemental indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from this notes offering was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 791 million of which $ 31 million was used as of december 31 , 2010 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2010 and 2009 , was as follows : ( millions ) 2010 2009 20ac650 million revolving credit facility , 0.8% ( 0.8 % ) as of dec . 31 , 2009 $ 2014 $ 110 other , weighted average 3.39% ( 3.39 % ) as of dec . 31 , 2010 and 2.2% ( 2.2 % ) as of december 31 , 2009 24 158 total $ 24 $ 268 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2010 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2010 , 2009 and 2008 totaled $ 189 million , $ 201 million and $ 228 million , respectively . 2010 ppg annual report and form 10-k 43 . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>20ac650 million revolving credit facility 0.8% ( 0.8 % ) as of dec . 31 2009</td><td>$ 2014</td><td>$ 110</td></tr><tr><td>3</td><td>other weighted average 3.39% ( 3.39 % ) as of dec . 31 2010 and 2.2% ( 2.2 % ) as of december 31 2009</td><td>24</td><td>158</td></tr><tr><td>4</td><td>total</td><td>$ 24</td><td>$ 268</td></tr></table> notes to the consolidated financial statements the credit agreement provides that loans will bear interest at rates based , at the company 2019s option , on one of two specified base rates plus a margin based on certain formulas defined in the credit agreement . additionally , the credit agreement contains a commitment fee on the amount of unused commitment under the credit agreement ranging from 0.125% ( 0.125 % ) to 0.625% ( 0.625 % ) per annum . the applicable interest rate and the commitment fee will vary depending on the ratings established by standard & poor 2019s financial services llc and moody 2019s investor service inc . for the company 2019s non-credit enhanced , long- term , senior , unsecured debt . the credit agreement contains usual and customary restrictive covenants for facilities of its type , which include , with specified exceptions , limitations on the company 2019s ability to create liens or other encumbrances , to enter into sale and leaseback transactions and to enter into consolidations , mergers or transfers of all or substantially all of its assets . the credit agreement also requires the company to maintain a ratio of total indebtedness to total capitalization , as defined in the credit agreement , of sixty percent or less . the credit agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans , including the failure to make timely payments when due under the credit agreement or other material indebtedness , the failure to satisfy covenants contained in the credit agreement , a change in control of the company and specified events of bankruptcy and insolvency . there were no amounts outstanding under the credit agreement at december 31 , on november 12 , 2010 , ppg completed a public offering of $ 250 million in aggregate principal amount of its 1.900% ( 1.900 % ) notes due 2016 ( the 201c2016 notes 201d ) , $ 500 million in aggregate principal amount of its 3.600% ( 3.600 % ) notes due 2020 ( the 201c2020 notes 201d ) and $ 250 million in aggregate principal amount of its 5.500% ( 5.500 % ) notes due 2040 ( the 201c2040 notes 201d ) . these notes were issued pursuant to an indenture dated as of march 18 , 2008 ( the 201coriginal indenture 201d ) between the company and the bank of new york mellon trust company , n.a. , as trustee ( the 201ctrustee 201d ) , as supplemented by a first supplemental indenture dated as of march 18 , 2008 between the company and the trustee ( the 201cfirst supplemental indenture 201d ) and a second supplemental indenture dated as of november 12 , 2010 between the company and the trustee ( the 201csecond supplemental indenture 201d and , together with the original indenture and the first supplemental indenture , the 201cindenture 201d ) . the company may issue additional debt from time to time pursuant to the original indenture . the indenture governing these notes contains covenants that limit the company 2019s ability to , among other things , incur certain liens securing indebtedness , engage in certain sale-leaseback transactions , and enter into certain consolidations , mergers , conveyances , transfers or leases of all or substantially all the company 2019s assets . the terms of these notes also require the company to make an offer to repurchase notes upon a change of control triggering event ( as defined in the second supplemental indenture ) at a price equal to 101% ( 101 % ) of their principal amount plus accrued and unpaid interest . cash proceeds from this notes offering was $ 983 million ( net of discount and issuance costs ) . the discount and issuance costs related to these notes , which totaled $ 17 million , will be amortized to interest expense over the respective terms of the notes . ppg 2019s non-u.s . operations have uncommitted lines of credit totaling $ 791 million of which $ 31 million was used as of december 31 , 2010 . these uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees . short-term debt outstanding as of december 31 , 2010 and 2009 , was as follows : ( millions ) 2010 2009 20ac650 million revolving credit facility , 0.8% ( 0.8 % ) as of dec . 31 , 2009 $ 2014 $ 110 other , weighted average 3.39% ( 3.39 % ) as of dec . 31 , 2010 and 2.2% ( 2.2 % ) as of december 31 , 2009 24 158 total $ 24 $ 268 ppg is in compliance with the restrictive covenants under its various credit agreements , loan agreements and indentures . the company 2019s revolving credit agreements include a financial ratio covenant . the covenant requires that the amount of total indebtedness not exceed 60% ( 60 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . as of december 31 , 2010 , total indebtedness was 45% ( 45 % ) of the company 2019s total capitalization excluding the portion of accumulated other comprehensive income ( loss ) related to pensions and other postretirement benefit adjustments . additionally , substantially all of the company 2019s debt agreements contain customary cross- default provisions . those provisions generally provide that a default on a debt service payment of $ 10 million or more for longer than the grace period provided ( usually 10 days ) under one agreement may result in an event of default under other agreements . none of the company 2019s primary debt obligations are secured or guaranteed by the company 2019s affiliates . interest payments in 2010 , 2009 and 2008 totaled $ 189 million , $ 201 million and $ 228 million , respectively . 2010 ppg annual report and form 10-k 43 .\nQuestion: what was the total of interest payments in 2009?\n" }, { "role": "agent", "content": "201.0" } ]
CONVFINQA6739	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nhologic , inc . notes to consolidated financial statements 2014 ( continued ) ( in thousands , except per share data ) future minimum lease payments under all the company 2019s operating leases are approximately as follows: . <table class='wikitable'><tr><td>1</td><td>fiscal years ending</td><td>amount</td></tr><tr><td>2</td><td>september 24 2005</td><td>$ 4848</td></tr><tr><td>3</td><td>september 30 2006</td><td>4672</td></tr><tr><td>4</td><td>september 29 2007</td><td>3680</td></tr><tr><td>5</td><td>september 27 2008</td><td>3237</td></tr><tr><td>6</td><td>september 26 2009</td><td>3158</td></tr><tr><td>7</td><td>thereafter</td><td>40764</td></tr><tr><td>8</td><td>total ( not reduced by minimum sublease rentals of $ 165 )</td><td>$ 60359</td></tr></table> the company subleases a portion of its bedford facility and has received rental income of $ 277 , $ 410 and $ 682 for fiscal years 2004 , 2003 and 2002 , respectively , which has been recorded as an offset to rent expense in the accompanying statements of income . rental expense , net of sublease income , was approximately $ 4660 , $ 4963 , and $ 2462 for fiscal 2004 , 2003 and 2002 , respectively . 9 . business segments and geographic information the company reports segment information in accordance with sfas no . 131 , disclosures about segments of an enterprise and related information . operating segments are identified as components of an enterprise about which separate , discrete financial information is available for evaluation by the chief operating decision maker , or decision-making group , in making decisions how to allocate resources and assess performance . the company 2019s chief decision-maker , as defined under sfas no . 131 , is the chief executive officer . to date , the company has viewed its operations and manages its business as four principal operating segments : the manufacture and sale of mammography products , osteoporosis assessment products , digital detectors and other products . as a result of the company 2019s implementation of a company wide integrated software application in fiscal 2003 , identifiable assets for the four principal operating segments only consist of inventories , intangible assets , and property and equipment . the company has presented all other assets as corporate assets . prior periods have been restated to conform to this presentation . intersegment sales and transfers are not significant. .\nQuestion: what was the rental expense in 2004?\nAnswer: 4660.0\nQuestion: what was the rental expense in 2003?\n" }, { "role": "agent", "content": "4963.0" } ]
CONVFINQA6208	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nkorea engineering plastics co. , ltd . founded in 1987 , kepco is the leading producer of pom in south korea . kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc . ( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) . kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc . in a world-scale pom facility in nantong , china . polyplastics co. , ltd . polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) . established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china . fortron industries llc . fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance . established in 1992 , fortron is a limited liability company whose members are ticona fortron inc . ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd . of japan ) . fortron's facility is located in wilmington , north carolina . this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha . china acetate strategic ventures . we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china . these include the nantong cellulose fibers co . ltd. , kunming cellulose fibers co . ltd . and zhuhai cellulose fibers co . ltd . the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures . with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook . combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers . in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 . since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends . our chinese acetate ventures fund their operations using operating cash flow . during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 . in 2010 , we made contributions of $ 12 million . our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year . in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively . although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) . 2022 other equity method investments infraservs . we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants . the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . <table class='wikitable'><tr><td>1</td><td>-</td><td>ownership % ( % )</td></tr><tr><td>2</td><td>infraserv gmbh & co . gendorf kg</td><td>39</td></tr><tr><td>3</td><td>infraserv gmbh & co . knapsack kg</td><td>27</td></tr><tr><td>4</td><td>infraserv gmbh & co . hoechst kg</td><td>32</td></tr></table> .\nQuestion: what was the amount in received cash dividends in the year of 2011?\n" }, { "role": "agent", "content": "78.0" } ]
CONVFINQA1707	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe analysis of our depreciation studies . changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively . under group depreciation , the historical cost ( net of salvage ) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized . the historical cost of certain track assets is estimated using ( i ) inflation indices published by the bureau of labor statistics and ( ii ) the estimated useful lives of the assets as determined by our depreciation studies . the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes . because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired , we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate . in addition , we determine if the recorded amount of accumulated depreciation is deficient ( or in excess ) of the amount indicated by our depreciation studies . any deficiency ( or excess ) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets . for retirements of depreciable railroad properties that do not occur in the normal course of business , a gain or loss may be recognized if the retirement meets each of the following three conditions : ( i ) is unusual , ( ii ) is material in amount , and ( iii ) varies significantly from the retirement profile identified through our depreciation studies . a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations . when we purchase an asset , we capitalize all costs necessary to make the asset ready for its intended use . however , many of our assets are self-constructed . a large portion of our capital expenditures is for replacement of existing track assets and other road properties , which is typically performed by our employees , and for track line expansion and other capacity projects . costs that are directly attributable to capital projects ( including overhead costs ) are capitalized . direct costs that are capitalized as part of self- constructed assets include material , labor , and work equipment . indirect costs are capitalized if they clearly relate to the construction of the asset . general and administrative expenditures are expensed as incurred . normal repairs and maintenance , including rail grinding , are also expensed as incurred , while costs incurred that extend the useful life of an asset , improve the safety of our operations or improve operating efficiency are capitalized . these costs are allocated using appropriate statistical bases . total expense for repairs and maintenance incurred was $ 2.1 billion for 2012 , $ 2.2 billion for 2011 , and $ 2.0 billion for 2010 . assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease . amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease . 12 . accounts payable and other current liabilities dec . 31 , dec . 31 , millions 2012 2011 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>dec . 31 2012</td><td>dec . 312011</td></tr><tr><td>2</td><td>accounts payable</td><td>$ 825</td><td>$ 819</td></tr><tr><td>3</td><td>accrued wages and vacation</td><td>376</td><td>363</td></tr><tr><td>4</td><td>income and other taxes</td><td>368</td><td>482</td></tr><tr><td>5</td><td>dividends payable</td><td>318</td><td>284</td></tr><tr><td>6</td><td>accrued casualty costs</td><td>213</td><td>249</td></tr><tr><td>7</td><td>interest payable</td><td>172</td><td>197</td></tr><tr><td>8</td><td>equipment rents payable</td><td>95</td><td>90</td></tr><tr><td>9</td><td>other</td><td>556</td><td>624</td></tr><tr><td>10</td><td>total accounts payable and othercurrent liabilities</td><td>$ 2923</td><td>$ 3108</td></tr></table> .\nQuestion: what was the value of accrued wages and vacation in 2012?\nAnswer: 376.0\nQuestion: what was the value in 2011?\nAnswer: 363.0\nQuestion: what is the net change?\n" }, { "role": "agent", "content": "13.0" } ]
CONVFINQA660	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nintermodal 2013 decreased volumes and fuel surcharges reduced freight revenue from intermodal shipments in 2009 versus 2008 . volume from international traffic decreased 24% ( 24 % ) in 2009 compared to 2008 , reflecting economic conditions , continued weak imports from asia , and diversions to non-uprr served ports . additionally , continued weakness in the domestic housing and automotive sectors translated into weak demand in large sectors of the international intermodal market , which also contributed to the volume decline . conversely , domestic traffic increased 8% ( 8 % ) in 2009 compared to 2008 . a new contract with hub group , inc. , which included additional shipments , was executed in the second quarter of 2009 and more than offset the impact of weak market conditions in the second half of 2009 . price increases and fuel surcharges generated higher revenue in 2008 , partially offset by lower volume levels . international traffic declined 11% ( 11 % ) in 2008 , reflecting continued softening of imports from china and the loss of a customer contract . notably , the peak intermodal shipping season , which usually starts in the third quarter , was particularly weak in 2008 . additionally , continued weakness in domestic housing and automotive sectors translated into weak demand in large sectors of the international intermodal market , which also contributed to lower volumes . domestic traffic declined 3% ( 3 % ) in 2008 due to the loss of a customer contract and lower volumes from less-than-truckload shippers . additionally , the flood-related embargo on traffic in the midwest during the second quarter hindered intermodal volume levels in 2008 . mexico business 2013 each of our commodity groups include revenue from shipments to and from mexico . revenue from mexico business decreased 26% ( 26 % ) in 2009 versus 2008 to $ 1.2 billion . volume declined in five of our six commodity groups , down 19% ( 19 % ) in 2009 , driven by 32% ( 32 % ) and 24% ( 24 % ) reductions in industrial products and automotive shipments , respectively . conversely , energy shipments increased 9% ( 9 % ) in 2009 versus 2008 , partially offsetting these declines . revenue from mexico business increased 13% ( 13 % ) to $ 1.6 billion in 2008 compared to 2007 . price improvements and fuel surcharges contributed to these increases , partially offset by a 4% ( 4 % ) decline in volume in 2008 compared to 2007 . operating expenses millions of dollars 2009 2008 2007 % ( % ) change 2009 v 2008 % ( % ) change 2008 v 2007 . <table class='wikitable'><tr><td>1</td><td>millions of dollars</td><td>2009</td><td>2008</td><td>2007</td><td>% ( % ) change 2009 v 2008</td><td>% ( % ) change 2008 v 2007</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 4063</td><td>$ 4457</td><td>$ 4526</td><td>( 9 ) % ( % )</td><td>( 2 ) % ( % )</td></tr><tr><td>3</td><td>fuel</td><td>1763</td><td>3983</td><td>3104</td><td>-56 ( 56 )</td><td>28</td></tr><tr><td>4</td><td>purchased services and materials</td><td>1614</td><td>1902</td><td>1856</td><td>-15 ( 15 )</td><td>2</td></tr><tr><td>5</td><td>depreciation</td><td>1444</td><td>1387</td><td>1321</td><td>4</td><td>5</td></tr><tr><td>6</td><td>equipment and other rents</td><td>1180</td><td>1326</td><td>1368</td><td>-11 ( 11 )</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>other</td><td>687</td><td>840</td><td>733</td><td>-18 ( 18 )</td><td>15</td></tr><tr><td>8</td><td>total</td><td>$ 10751</td><td>$ 13895</td><td>$ 12908</td><td>( 23 ) % ( % )</td><td>8% ( 8 % )</td></tr></table> 2009 intermodal revenue international domestic .\nQuestion: what was the yearly decline in international traffic in 2009?\nAnswer: 0.11\nQuestion: and what was it in 2008?\nAnswer: 0.24\nQuestion: what was, then, the total yearly decline in international traffic in both of those years?\n" }, { "role": "agent", "content": "0.35" } ]
CONVFINQA7313	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npart ii , item 7 until maturity , effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.74% ( 4.74 % ) . the proceeds from these notes were used to repay commercial paper borrowings . 0160 on april 20 , 2006 , the schlumberger board of directors approved a share repurchase program of up to 40 million shares of common stock to be acquired in the open market before april 2010 , subject to market conditions . this program was completed during the second quarter of 2008 . on april 17 , 2008 , the schlumberger board of directors approved an $ 8 billion share repurchase program for shares of schlumberger common stock , to be acquired in the open market before december 31 , 2011 , of which $ 1.43 billion had been repurchased as of december 31 , 2009 . the following table summarizes the activity under these share repurchase programs during 2009 , 2008 and ( stated in thousands except per share amounts and prices ) total cost of shares purchased total number of shares purchased average price paid per share . <table class='wikitable'><tr><td>1</td><td>-</td><td>total cost of shares purchased</td><td>total number of shares purchased</td><td>average price paid per share</td></tr><tr><td>2</td><td>2009</td><td>$ 500097</td><td>7825.0</td><td>$ 63.91</td></tr><tr><td>3</td><td>2008</td><td>$ 1818841</td><td>21064.7</td><td>$ 86.35</td></tr><tr><td>4</td><td>2007</td><td>$ 1355000</td><td>16336.1</td><td>$ 82.95</td></tr></table> 0160 cash flow provided by operations was $ 5.3 billion in 2009 , $ 6.9 billion in 2008 and $ 6.3 billion in 2007 . the decline in cash flow from operations in 2009 as compared to 2008 was primarily driven by the decrease in net income experienced in 2009 and the significant pension plan contributions made during 2009 , offset by an improvement in working capital requirements . the improvement in 2008 as compared to 2007 was driven by the net income increase experienced in 2008 offset by required investments in working capital . the reduction in cash flows experienced by some of schlumberger 2019s customers as a result of global economic conditions could have significant adverse effects on their financial condition . this could result in , among other things , delay in , or nonpayment of , amounts that are owed to schlumberger , which could have a material adverse effect on schlumberger 2019s results of operations and cash flows . at times in recent quarters , schlumberger has experienced delays in payments from certain of its customers . schlumberger operates in approximately 80 countries . at december 31 , 2009 , only three of those countries individually accounted for greater than 5% ( 5 % ) of schlumberger 2019s accounts receivable balance of which only one represented greater than 0160 during 2008 and 2007 , schlumberger announced that its board of directors had approved increases in the quarterly dividend of 20% ( 20 % ) and 40% ( 40 % ) , respectively . total dividends paid during 2009 , 2008 and 2007 were $ 1.0 billion , $ 964 million and $ 771 million , respectively . 0160 capital expenditures were $ 2.4 billion in 2009 , $ 3.7 billion in 2008 and $ 2.9 billion in 2007 . capital expenditures in 2008 and 2007 reflected the record activity levels experienced in those years . the decrease in capital expenditures in 2009 as compared to 2008 is primarily due to the significant activity decline during 2009 . oilfield services capital expenditures are expected to approach $ 2.4 billion for the full year 2010 as compared to $ 1.9 billion in 2009 and $ 3.0 billion in 2008 . westerngeco capital expenditures are expected to approach $ 0.3 billion for the full year 2010 as compared to $ 0.5 billion in 2009 and $ 0.7 billion in 2008. .\nQuestion: what is the total value of the share repurchase program?\n" }, { "role": "agent", "content": "8.0" } ]
CONVFINQA4557	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements ( dollars in millions , except per share amounts ) long-term debt maturing over the next five years and thereafter is as follows: . <table class='wikitable'><tr><td>1</td><td>2004</td><td>$ 244.5</td></tr><tr><td>2</td><td>2005</td><td>$ 523.8</td></tr><tr><td>3</td><td>2006</td><td>$ 338.5</td></tr><tr><td>4</td><td>2007</td><td>$ 0.9</td></tr><tr><td>5</td><td>2008</td><td>$ 0.9</td></tr><tr><td>6</td><td>2009 and thereafter</td><td>$ 1327.6</td></tr></table> on march 7 , 2003 , standard & poor's ratings services downgraded the company's senior secured credit rating to bb+ with negative outlook from bbb- . on may 14 , 2003 , fitch ratings downgraded the company's senior unsecured credit rating to bb+ with negative outlook from bbb- . on may 9 , 2003 , moody's investor services , inc . ( \"moody's\" ) placed the company's senior unsecured and subordinated credit ratings on review for possible downgrade from baa3 and ba1 , respectively . as of march 12 , 2004 , the company's credit ratings continued to be on review for a possible downgrade . since july 2001 , the company has not repurchased its common stock in the open market . in october 2003 , the company received a federal tax refund of approximately $ 90 as a result of its carryback of its 2002 loss for us federal income tax purposes and certain capital losses , to earlier periods . through december 2002 , the company had paid cash dividends quarterly with the most recent quarterly dividend paid in december 2002 at a rate of $ 0.095 per share . on a quarterly basis , the company's board of directors makes determinations regarding the payment of dividends . as previously discussed , the company's ability to declare or pay dividends is currently restricted by the terms of its revolving credit facilities . the company did not declare or pay any dividends in 2003 . however , in 2004 , the company expects to pay any dividends accruing on the series a mandatory convertible preferred stock in cash , which is expressly permitted by the revolving credit facilities . see note 14 for discussion of fair market value of the company's long-term debt . note 9 : equity offering on december 16 , 2003 , the company sold 25.8 million shares of common stock and issued 7.5 million shares of 3- year series a mandatory convertible preferred stock ( the \"preferred stock\" ) . the total net proceeds received from the concurrent offerings was approximately $ 693 . the preferred stock carries a dividend yield of 5.375% ( 5.375 % ) . on maturity , each share of the preferred stock will convert , subject to adjustment , to between 3.0358 and 3.7037 shares of common stock , depending on the then-current market price of the company's common stock , representing a conversion premium of approximately 22% ( 22 % ) over the stock offering price of $ 13.50 per share . under certain circumstances , the preferred stock may be converted prior to maturity at the option of the holders or the company . the common and preferred stock were issued under the company's existing shelf registration statement . in january 2004 , the company used approximately $ 246 of the net proceeds from the offerings to redeem the 1.80% ( 1.80 % ) convertible subordinated notes due 2004 . the remaining proceeds will be used for general corporate purposes and to further strengthen the company's balance sheet and financial condition . the company will pay annual dividends on each share of the series a mandatory convertible preferred stock in the amount of $ 2.6875 . dividends will be cumulative from the date of issuance and will be payable on each payment date to the extent that dividends are not restricted under the company's credit facilities and assets are legally available to pay dividends . the first dividend payment , which was declared on february 24 , 2004 , will be made on march 15 , 2004. .\nQuestion: what was the value of long-term debt in 2004?\nAnswer: 244.5\nQuestion: and in 2008?\n" }, { "role": "agent", "content": "0.9" } ]
CONVFINQA1200	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndo so , cme invests such contributions in assets that mirror the assumed investment choices . the balances in these plans are subject to the claims of general creditors of the exchange and totaled $ 38.7 million and $ 31.8 million at december 31 , 2012 and 2011 respectively . although the value of the plans is recorded as an asset in marketable securities in the consolidated balance sheets , there is an equal and offsetting liability . the investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense . supplemental savings plan . cme maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan . employees in this plan are subject to the vesting requirements of the underlying qualified plans . deferred compensation plan . a deferred compensation plan is maintained by cme , under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution . comex members 2019 retirement plan and benefits . comex maintains a retirement and benefit plan under the comex members 2019 recognition and retention plan ( mrrp ) . this plan provides benefits to certain members of the comex division based on long-term membership , and participation is limited to individuals who were comex division members prior to nymex 2019s acquisition of comex in 1994 . no new participants were permitted into the plan after the date of this acquisition . under the terms of the mrrp , the company is required to fund the plan with a minimum annual contribution of $ 0.8 million until it is fully funded . all benefits to be paid under the mrrp are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits . total contributions to the plan were $ 0.8 million for each of 2010 through 2012 . at december 31 , 2012 and 2011 , the obligation for the mrrp totaled $ 22.7 million and $ 21.6 million , respectively . assets with a fair value of $ 18.4 million and $ 17.7 million have been allocated to this plan at december 31 , 2012 and 2011 , respectively , and are included in marketable securities and cash and cash equivalents in the consolidated balance sheets . the balances in these plans are subject to the claims of general creditors of comex . 13 . commitments operating leases . cme group has entered into various non-cancellable operating lease agreements , with the most significant being as follows : 2022 in april 2012 , the company sold two buildings in chicago at 141 w . jackson and leased back a portion of the property . the operating lease , which has an initial lease term ending on april 30 , 2027 , contains four consecutive renewal options for five years . 2022 in january 2011 , the company entered into an operating lease for office space in london . the initial lease term , which became effective on january 20 , 2011 , terminates on march 24 , 2026 , with an option to terminate without penalty in january 2021 . 2022 in july 2008 , the company renegotiated the operating lease for its headquarters at 20 south wacker drive in chicago . the lease , which has an initial term ending on november 30 , 2022 , contains two consecutive renewal options for seven and ten years and a contraction option which allows the company to reduce its occupied space after november 30 , 2018 . in addition , the company may exercise a lease expansion option in december 2017 . 2022 in august 2006 , the company entered into an operating lease for additional office space in chicago . the initial lease term , which became effective on august 10 , 2006 , terminates on november 30 , 2023 . the lease contains two 5-year renewal options beginning in 2023 . at december 31 , 2012 , future minimum payments under non-cancellable operating leases were payable as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2013</td><td>$ 28.7</td></tr><tr><td>2</td><td>2014</td><td>29.1</td></tr><tr><td>3</td><td>2015</td><td>28.9</td></tr><tr><td>4</td><td>2016</td><td>28.9</td></tr><tr><td>5</td><td>2017</td><td>29.3</td></tr><tr><td>6</td><td>thereafter</td><td>152.9</td></tr><tr><td>7</td><td>total</td><td>$ 297.8</td></tr></table> .\nQuestion: what portion of the future minimum payments as of december 31, 2012 are due in 2013?\nAnswer: 0.09637\nQuestion: and what percentage of them are due in 2014?\n" }, { "role": "agent", "content": "0.09772" } ]
CONVFINQA2407	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements the firm permanently reinvests eligible earnings of certain foreign subsidiaries and , accordingly , does not accrue any u.s . income taxes that would arise if such earnings were repatriated . as of december 2012 and december 2011 , this policy resulted in an unrecognized net deferred tax liability of $ 3.75 billion and $ 3.32 billion , respectively , attributable to reinvested earnings of $ 21.69 billion and $ 20.63 billion , respectively . unrecognized tax benefits the firm recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position . a position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement . a liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements . as of december 2012 and december 2011 , the accrued liability for interest expense related to income tax matters and income tax penalties was $ 374 million and $ 233 million , respectively . the firm recognized $ 95 million , $ 21 million and $ 28 million of interest and income tax penalties for the years ended december 2012 , december 2011 and december 2010 , respectively . it is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to december 2012 due to potential audit settlements , however , at this time it is not possible to estimate any potential change . the table below presents the changes in the liability for unrecognized tax benefits . this liability is included in 201cother liabilities and accrued expenses . 201d see note 17 for further information. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>as of december 2012</td><td>as of december 2011</td><td>as of december 2010</td></tr><tr><td>2</td><td>balance beginning of year</td><td>$ 1887</td><td>$ 2081</td><td>$ 1925</td></tr><tr><td>3</td><td>increases based on tax positions related to the current year</td><td>190</td><td>171</td><td>171</td></tr><tr><td>4</td><td>increases based on tax positions related to prior years</td><td>336</td><td>278</td><td>162</td></tr><tr><td>5</td><td>decreases related to tax positions of prior years</td><td>-109 ( 109 )</td><td>-41 ( 41 )</td><td>-104 ( 104 )</td></tr><tr><td>6</td><td>decreases related to settlements</td><td>-35 ( 35 )</td><td>-638 ( 638 )</td><td>-128 ( 128 )</td></tr><tr><td>7</td><td>acquisitions/ ( dispositions )</td><td>-47 ( 47 )</td><td>47</td><td>56</td></tr><tr><td>8</td><td>exchange rate fluctuations</td><td>15</td><td>-11 ( 11 )</td><td>-1 ( 1 )</td></tr><tr><td>9</td><td>balance end of year</td><td>$ 2237</td><td>$ 1887</td><td>$ 2081</td></tr><tr><td>10</td><td>related deferred income tax asset1</td><td>685</td><td>569</td><td>972</td></tr><tr><td>11</td><td>net unrecognized tax benefit2</td><td>$ 1552</td><td>$ 1318</td><td>$ 1109</td></tr></table> related deferred income tax asset 1 685 569 972 net unrecognized tax benefit 2 $ 1552 $ 1318 $ 1109 1 . included in 201cother assets . 201d see note 12 . 2 . if recognized , the net tax benefit would reduce the firm 2019s effective income tax rate . 194 goldman sachs 2012 annual report .\nQuestion: what was the difference in net unrecognized tax benefit values from 2011 to 2012?\nAnswer: 234.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.17754" } ]
CONVFINQA9605	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n12 . brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business . citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices . credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question . citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines . margin levels are monitored daily , and customers deposit additional collateral as required . where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level . exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi . credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive . brokerage receivables and brokerage payables consisted of the following: . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 , 2016</td><td>december 31 , 2015</td></tr><tr><td>2</td><td>receivables from customers</td><td>$ 10374</td><td>$ 10435</td></tr><tr><td>3</td><td>receivables from brokers dealers and clearing organizations</td><td>18513</td><td>17248</td></tr><tr><td>4</td><td>total brokerage receivables ( 1 )</td><td>$ 28887</td><td>$ 27683</td></tr><tr><td>5</td><td>payables to customers</td><td>$ 37237</td><td>$ 35653</td></tr><tr><td>6</td><td>payables to brokers dealers and clearing organizations</td><td>19915</td><td>18069</td></tr><tr><td>7</td><td>total brokerage payables ( 1 )</td><td>$ 57152</td><td>$ 53722</td></tr></table> payables to brokers , dealers , and clearing organizations 19915 18069 total brokerage payables ( 1 ) $ 57152 $ 53722 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .\nQuestion: what was the net change in value of total brokerage payable from 2015 to 2016?\nAnswer: 3430.0\nQuestion: what was the 2015 value?\n" }, { "role": "agent", "content": "53722.0" } ]
CONVFINQA3029	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe diluted earnings per share calculation excludes stock options , sars , restricted stock and units and performance units and stock that were anti-dilutive . shares underlying the excluded stock options and sars totaled 2.6 million , 10.3 million and 10.2 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . for the year ended december 31 , 2016 , 4.5 million shares of restricted stock and restricted stock units and performance units and performance stock were excluded . 10 . supplemental cash flow information net cash paid for interest and income taxes was as follows for the years ended december 31 , 2017 , 2016 and 2015 ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>interest net of capitalized interest</td><td>$ 275305</td><td>$ 252030</td><td>$ 222088</td></tr><tr><td>3</td><td>income taxes net of refunds received</td><td>$ 188946</td><td>$ -39293 ( 39293 )</td><td>$ 41108</td></tr></table> eog's accrued capital expenditures at december 31 , 2017 , 2016 and 2015 were $ 475 million , $ 388 million and $ 416 million , respectively . non-cash investing activities for the year ended december 31 , 2017 included non-cash additions of $ 282 million to eog's oil and gas properties as a result of property exchanges . non-cash investing activities for the year ended december 31 , 2016 included $ 3834 million in non-cash additions to eog's oil and gas properties related to the yates transaction ( see note 17 ) . 11 . business segment information eog's operations are all crude oil and natural gas exploration and production related . the segment reporting topic of the asc establishes standards for reporting information about operating segments in annual financial statements . operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker , or decision-making group , in deciding how to allocate resources and in assessing performance . eog's chief operating decision-making process is informal and involves the chairman of the board and chief executive officer and other key officers . this group routinely reviews and makes operating decisions related to significant issues associated with each of eog's major producing areas in the united states , trinidad , the united kingdom and china . for segment reporting purposes , the chief operating decision maker considers the major united states producing areas to be one operating segment. .\nQuestion: what are eog's accrued capital expenditures in 2017?\nAnswer: 475.0\nQuestion: what about in 2016?\n" }, { "role": "agent", "content": "388.0" } ]
CONVFINQA7293	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n15 . leases in january 1996 , the company entered into a lease agreement with an unrelated third party for a new corporate office facility , which the company occupied in february 1997 . in may 2004 , the company entered into the first amendment to this lease agreement , effective january 1 , 2004 . the lease was extended from an original period of 10 years , with an option for five additional years , to a period of 18 years from the inception date , with an option for five additional years . the company incurred lease rental expense related to this facility of $ 1.3 million in 2008 , 2007 and 2006 . the future minimum lease payments are $ 1.4 million per annum from january 1 , 2009 to december 31 , 2014 . the future minimum lease payments from january 1 , 2015 through december 31 , 2019 will be determined based on prevailing market rental rates at the time of the extension , if elected . the amended lease also provided for the lessor to reimburse the company for up to $ 550000 in building refurbishments completed through march 31 , 2006 . these amounts have been recorded as a reduction of lease expense over the remaining term of the lease . the company has also entered into various noncancellable operating leases for equipment and office space . office space lease expense totaled $ 9.3 million , $ 6.3 million and $ 4.7 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . future minimum lease payments under noncancellable operating leases for office space in effect at december 31 , 2008 are $ 8.8 million in 2009 , $ 6.6 million in 2010 , $ 3.0 million in 2011 , $ 1.8 million in 2012 and $ 1.1 million in 2013 . 16 . royalty agreements the company has entered into various renewable , nonexclusive license agreements under which the company has been granted access to the licensor 2019s technology and the right to sell the technology in the company 2019s product line . royalties are payable to developers of the software at various rates and amounts , which generally are based upon unit sales or revenue . royalty fees are reported in cost of goods sold and were $ 6.3 million , $ 5.2 million and $ 3.9 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively . 17 . geographic information revenue to external customers is attributed to individual countries based upon the location of the customer . revenue by geographic area is as follows: . <table class='wikitable'><tr><td>1</td><td>( in thousands )</td><td>year ended december 31 , 2008</td><td>year ended december 31 , 2007</td><td>year ended december 31 , 2006</td></tr><tr><td>2</td><td>united states</td><td>$ 151688</td><td>$ 131777</td><td>$ 94282</td></tr><tr><td>3</td><td>germany</td><td>68390</td><td>50973</td><td>34567</td></tr><tr><td>4</td><td>japan</td><td>66960</td><td>50896</td><td>35391</td></tr><tr><td>5</td><td>canada</td><td>8033</td><td>4809</td><td>4255</td></tr><tr><td>6</td><td>other european</td><td>127246</td><td>108971</td><td>70184</td></tr><tr><td>7</td><td>other international</td><td>56022</td><td>37914</td><td>24961</td></tr><tr><td>8</td><td>total revenue</td><td>$ 478339</td><td>$ 385340</td><td>$ 263640</td></tr></table> .\nQuestion: what were royalty fees for 2007 and 2008?\nAnswer: 11.5\nQuestion: what were they including 2006?\n" }, { "role": "agent", "content": "15.4" } ]
CONVFINQA8289	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nintangible assets are amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use . the remaining amortization expense will be recognized over a weighted-average period of approximately 0.9 years . amortization expense from continuing operations , related to intangibles was $ 7.4 million , $ 9.3 million and $ 9.2 million in fiscal 2009 , 2008 and 2007 , respectively . the company expects annual amortization expense for these intangible assets to be: . <table class='wikitable'><tr><td>1</td><td>fiscal years</td><td>amortization expense</td></tr><tr><td>2</td><td>2010</td><td>$ 5425</td></tr><tr><td>3</td><td>2011</td><td>$ 1430</td></tr></table> g . grant accounting certain of the company 2019s foreign subsidiaries have received various grants from governmental agencies . these grants include capital , employment and research and development grants . capital grants for the acquisition of property and equipment are netted against the related capital expenditures and amortized as a credit to depreciation expense over the useful life of the related asset . employment grants , which relate to employee hiring and training , and research and development grants are recognized in earnings in the period in which the related expenditures are incurred by the company . h . translation of foreign currencies the functional currency for the company 2019s foreign sales and research and development operations is the applicable local currency . gains and losses resulting from translation of these foreign currencies into u.s . dollars are recorded in accumulated other comprehensive ( loss ) income . transaction gains and losses and remeasurement of foreign currency denominated assets and liabilities are included in income currently , including those at the company 2019s principal foreign manufacturing operations where the functional currency is the u.s . dollar . foreign currency transaction gains or losses included in other expenses , net , were not material in fiscal 2009 , 2008 or 2007 . i . derivative instruments and hedging agreements foreign exchange exposure management 2014 the company enters into forward foreign currency exchange contracts to offset certain operational and balance sheet exposures from the impact of changes in foreign currency exchange rates . such exposures result from the portion of the company 2019s operations , assets and liabilities that are denominated in currencies other than the u.s . dollar , primarily the euro ; other exposures include the philippine peso and the british pound . these foreign currency exchange contracts are entered into to support transactions made in the normal course of business , and accordingly , are not speculative in nature . the contracts are for periods consistent with the terms of the underlying transactions , generally one year or less . hedges related to anticipated transactions are designated and documented at the inception of the respective hedges as cash flow hedges and are evaluated for effectiveness monthly . derivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified . as the terms of the contract and the underlying transaction are matched at inception , forward contract effectiveness is calculated by comparing the change in fair value of the contract to the change in the forward value of the anticipated transaction , with the effective portion of the gain or loss on the derivative instrument reported as a component of accumulated other comprehensive ( loss ) income ( oci ) in shareholders 2019 equity and reclassified into earnings in the same period during which the hedged transaction affects earnings . any residual change in fair value of the instruments , or ineffectiveness , is recognized immediately in other income/expense . additionally , the company enters into forward foreign currency contracts that economically hedge the gains and losses generated by the remeasurement of certain recorded assets and liabilities in a non-functional currency . changes in the fair value of these undesignated hedges are recognized in other income/expense immediately as an offset to the changes in the fair value of the asset or liability being hedged . analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the amortization expense in 2009?\nAnswer: 7.4\nQuestion: and what was it in 2008?\nAnswer: 9.3\nQuestion: what was, then, the change over the year?\nAnswer: -1.9\nQuestion: what was the amortization expense in 2008?\nAnswer: 9.3\nQuestion: and how much does that change represent in relation to this 2008 amortization expense?\n" }, { "role": "agent", "content": "-0.2043" } ]
CONVFINQA457	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntax benefits recognized for stock-based compensation during the years ended december 31 , 2011 , 2010 and 2009 , were $ 16 million , $ 6 million and $ 5 million , respectively . the amount of northrop grumman shares issued before the spin-off to satisfy stock-based compensation awards are recorded by northrop grumman and , accordingly , are not reflected in hii 2019s consolidated financial statements . the company realized tax benefits during the year ended december 31 , 2011 , of $ 2 million from the exercise of stock options and $ 10 million from the issuance of stock in settlement of rpsrs and rsrs . unrecognized compensation expense at december 31 , 2011 there was $ 1 million of unrecognized compensation expense related to unvested stock option awards , which will be recognized over a weighted average period of 1.1 years . in addition , at december 31 , 2011 , there was $ 19 million of unrecognized compensation expense associated with the 2011 rsrs , which will be recognized over a period of 2.2 years ; $ 10 million of unrecognized compensation expense associated with the rpsrs converted as part of the spin-off , which will be recognized over a weighted average period of one year ; and $ 18 million of unrecognized compensation expense associated with the 2011 rpsrs which will be recognized over a period of 2.0 years . stock options the compensation expense for the outstanding converted stock options was determined at the time of grant by northrop grumman . there were no additional options granted during the year ended december 31 , 2011 . the fair value of the stock option awards is expensed on a straight-line basis over the vesting period of the options . the fair value of each of the stock option award was estimated on the date of grant using a black-scholes option pricing model based on the following assumptions : dividend yield 2014the dividend yield was based on northrop grumman 2019s historical dividend yield level . volatility 2014expected volatility was based on the average of the implied volatility from traded options and the historical volatility of northrop grumman 2019s stock . risk-free interest rate 2014the risk-free rate for periods within the contractual life of the stock option award was based on the yield curve of a zero-coupon u.s . treasury bond on the date the award was granted with a maturity equal to the expected term of the award . expected term 2014the expected term of awards granted was derived from historical experience and represents the period of time that awards granted are expected to be outstanding . a stratification of expected terms based on employee populations ( executive and non-executive ) was considered in the analysis . the following significant weighted-average assumptions were used to value stock options granted during the years ended december 31 , 2010 and 2009: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>dividend yield</td><td>2.9% ( 2.9 % )</td><td>3.6% ( 3.6 % )</td></tr><tr><td>3</td><td>volatility rate</td><td>25% ( 25 % )</td><td>25% ( 25 % )</td></tr><tr><td>4</td><td>risk-free interest rate</td><td>2.3% ( 2.3 % )</td><td>1.7% ( 1.7 % )</td></tr><tr><td>5</td><td>expected option life ( years )</td><td>6</td><td>5 & 6</td></tr></table> the weighted-average grant date fair value of stock options granted during the years ended december 31 , 2010 and 2009 , was $ 11 and $ 7 , per share , respectively. .\nQuestion: what was the weighted-average grant date fair value of stock options in 2010?\nAnswer: 11.0\nQuestion: and what was it in 2009?\nAnswer: 7.0\nQuestion: what was, then, the change over the year?\nAnswer: 4.0\nQuestion: and what was this change as a portion of the 2009 fair value?\nAnswer: 0.57143\nQuestion: and in the year subsequent to this two year period, what were the total tax benefits realized?\n" }, { "role": "agent", "content": "12.0" } ]
CONVFINQA2165	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ndetermined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system . as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 . of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation . the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 . this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards . the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates . net operating losses in canada have various carryforward periods and began expiring in 2007 . net operating losses in germany have no expiration date . net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 . however , these losses are not available for use under the new ietu tax regulations in mexico . as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards . the company adopted the provisions of fin 48 effective january 1 , 2007 . fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements . fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition . as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million . in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities . liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions . a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>year ended december 31 2007 ( in $ millions )</td></tr><tr><td>2</td><td>balance as of january 1 2007</td><td>193</td></tr><tr><td>3</td><td>increases in tax positions for the current year</td><td>2</td></tr><tr><td>4</td><td>increases in tax positions for prior years</td><td>28</td></tr><tr><td>5</td><td>decreases in tax positions of prior years</td><td>-21 ( 21 )</td></tr><tr><td>6</td><td>settlements</td><td>-2 ( 2 )</td></tr><tr><td>7</td><td>balance as of december 31 2007</td><td>200</td></tr></table> included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate . the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes . as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties . this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 . the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore . examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 . during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 . the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million . the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg* transmitting job : y48011 pcn : 122000000 *%%pcmsg\|f-49 \|00023\|yes\|no\|02/26/2008 22:07\|0\|0\|page is valid , no graphics -- color : d\| .\nQuestion: what was the balance of unrecognized tax benefits at the end of 2007?\nAnswer: 200.0\nQuestion: what was the balance at the start of 2007?\nAnswer: 193.0\nQuestion: what was the net change?\nAnswer: 7.0\nQuestion: what was the percent change during the year?\n" }, { "role": "agent", "content": "0.03627" } ]
CONVFINQA2912	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncosts . our 2012 results were lower than 2011 when we realized $ 53.1 million in premium-services margins and our storage and marketing margins consisted of $ 96.0 million from realized seasonal price differentials and marketing optimization activities , and $ 87.7 million of storage demand costs . in addition , we recognized a loss on the change in fair value of our nonqualifiying economic storage hedges of $ 1.0 million in 2012 compared with a gain of $ 8.5 million in 2011 . our premium services were impacted negatively by lower natural gas prices and decreased natural gas price volatility . the impact of our hedge strategies and the inability to hedge seasonal price differentials at levels that were available to us in the prior year significantly reduced our storage margins . we also experienced reduced opportunities to optimize our storage assets , which negatively impacted our marketing margins . we realized a loss in our transportation margins of $ 42.4 million in 2012 compared with a loss of $ 18.8 million in 2011 , due primarily to a $ 29.5 million decrease in transportation hedges . our transportation business continues to be impacted by narrow price location differentials and the inability to hedge at levels that were available to us in prior years . as a result of significant increases in the supply of natural gas , primarily from shale gas production across north america and new pipeline infrastructure projects , location and seasonal price differentials narrowed significantly beginning in 2010 and continuing through 2012 . this market change resulted in our transportation contracts being unprofitable impacting our ability to recover our fixed costs . operating costs decreased due primarily to lower employee-related expenses , which includes the impact of fewer employees . we also recognized an expense of $ 10.3 million related to the impairment of our goodwill in the first quarter 2012 . given the significant decline in natural gas prices and its effect on location and seasonal price differentials , we performed an interim impairment assessment in the first quarter 2012 that reduced our goodwill balance to zero . 2011 vs . 2010 - the factors discussed in energy services 2019 201cnarrative description of the business 201d included in item i , business , of this annual report have led to a significant decrease in net margin , including : 2022 a decrease of $ 65.3 million in transportation margins , net of hedging , due primarily to narrower location price differentials and lower hedge settlements in 2011 ; 2022 a decrease of $ 34.3 million in storage and marketing margins , net of hedging activities , due primarily to the following : 2013 lower realized seasonal storage price differentials ; offset partially by 2013 favorable marketing activity and unrealized fair value changes on nonqualifying economic storage hedges ; 2022 a decrease of $ 7.3 million in premium-services margins , associated primarily with the reduction in the value of the fees collected for these services as a result of low commodity prices and reduced natural gas price volatility in the first quarter 2011 compared with the first quarter 2010 ; and 2022 a decrease of $ 4.3 million in financial trading margins , as low natural gas prices and reduced natural gas price volatility limited our financial trading opportunities . additionally , our 2011 net margin includes $ 91.1 million in adjustments to natural gas inventory reflecting the lower of cost or market value . because of the adjustments to our inventory value , we reclassified $ 91.1 million of deferred gains on associated cash flow hedges into earnings . operating costs decreased due primarily to a decrease in ad valorem taxes . selected operating information - the following table sets forth certain selected operating information for our energy services segment for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>operating information</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td><td>years ended december 31 , 2010</td></tr><tr><td>2</td><td>natural gas marketed ( bcf )</td><td>709</td><td>845</td><td>919</td></tr><tr><td>3</td><td>natural gas gross margin ( $ /mcf )</td><td>$ -0.07 ( 0.07 )</td><td>$ 0.06</td><td>$ 0.18</td></tr><tr><td>4</td><td>physically settled volumes ( bcf )</td><td>1433</td><td>1724</td><td>1874</td></tr></table> natural gas volumes marketed and physically settled volumes decreased in 2012 compared with 2011 due primarily to decreased marketing activities , lower transported volumes and reduced transportation capacity . the decrease in 2011 compared with 2010 was due primarily to lower volumes transported and reduced transportation capacity . transportation capacity in certain markets was not utilized due to the economics of the location price differentials as a result of increased supply of natural gas , primarily from shale production , and increased pipeline capacity as a result of new pipeline construction. .\nQuestion: what is the net change in the natural gas marketed from 2010 to 2011?\n" }, { "role": "agent", "content": "-74.0" } ]
CONVFINQA9132	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncredit commitments and lines of credit the table below summarizes citigroup 2019s credit commitments as of december 31 , 2010 and december 31 , 2009: . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>december 31 2010 u.s .</td><td>december 31 2010 outside of u.s .</td><td>december 31 2010 total</td><td>december 31 2009</td></tr><tr><td>2</td><td>commercial and similar letters of credit</td><td>$ 1544</td><td>$ 7430</td><td>$ 8974</td><td>$ 7211</td></tr><tr><td>3</td><td>one- to four-family residential mortgages</td><td>2582</td><td>398</td><td>2980</td><td>1070</td></tr><tr><td>4</td><td>revolving open-end loans secured by one- to four-family residential properties</td><td>17986</td><td>2948</td><td>20934</td><td>23916</td></tr><tr><td>5</td><td>commercial real estate construction and land development</td><td>1813</td><td>594</td><td>2407</td><td>1704</td></tr><tr><td>6</td><td>credit card lines</td><td>573945</td><td>124728</td><td>698673</td><td>785495</td></tr><tr><td>7</td><td>commercial and other consumer loan commitments</td><td>124142</td><td>86262</td><td>210404</td><td>257342</td></tr><tr><td>8</td><td>total</td><td>$ 722012</td><td>$ 222360</td><td>$ 944372</td><td>$ 1076738</td></tr></table> the majority of unused commitments are contingent upon customers maintaining specific credit standards . commercial commitments generally have floating interest rates and fixed expiration dates and may require payment of fees . such fees ( net of certain direct costs ) are deferred and , upon exercise of the commitment , amortized over the life of the loan or , if exercise is deemed remote , amortized over the commitment period . commercial and similar letters of credit a commercial letter of credit is an instrument by which citigroup substitutes its credit for that of a customer to enable the customer to finance the purchase of goods or to incur other commitments . citigroup issues a letter on behalf of its client to a supplier and agrees to pay the supplier upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit . when a letter of credit is drawn , the customer is then required to reimburse citigroup . one- to four-family residential mortgages a one- to four-family residential mortgage commitment is a written confirmation from citigroup to a seller of a property that the bank will advance the specified sums enabling the buyer to complete the purchase . revolving open-end loans secured by one- to four-family residential properties revolving open-end loans secured by one- to four-family residential properties are essentially home equity lines of credit . a home equity line of credit is a loan secured by a primary residence or second home to the extent of the excess of fair market value over the debt outstanding for the first mortgage . commercial real estate , construction and land development commercial real estate , construction and land development include unused portions of commitments to extend credit for the purpose of financing commercial and multifamily residential properties as well as land development projects . both secured-by-real-estate and unsecured commitments are included in this line , as well as undistributed loan proceeds , where there is an obligation to advance for construction progress payments . however , this line only includes those extensions of credit that , once funded , will be classified as loans on the consolidated balance sheet . credit card lines citigroup provides credit to customers by issuing credit cards . the credit card lines are unconditionally cancelable by the issuer . commercial and other consumer loan commitments commercial and other consumer loan commitments include overdraft and liquidity facilities , as well as commercial commitments to make or purchase loans , to purchase third-party receivables , to provide note issuance or revolving underwriting facilities and to invest in the form of equity . amounts include $ 79 billion and $ 126 billion with an original maturity of less than one year at december 31 , 2010 and december 31 , 2009 , respectively . in addition , included in this line item are highly leveraged financing commitments , which are agreements that provide funding to a borrower with higher levels of debt ( measured by the ratio of debt capital to equity capital of the borrower ) than is generally considered normal for other companies . this type of financing is commonly employed in corporate acquisitions , management buy-outs and similar transactions. .\nQuestion: what percentage of citigroup 2019s credit commitments were outside of the us as of 12/31/10?\n" }, { "role": "agent", "content": "0.23546" } ]
CONVFINQA10575	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbacklog backlog increased in 2015 compared to 2014 primarily due to higher orders on f-35 and c-130 programs . backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs . trends we expect aeronautics 2019 2016 net sales to increase in the mid-single digit percentage range as compared to 2015 due to increased volume on the f-35 and c-130 programs , partially offset by decreased volume on the f-16 program . operating profit is also expected to increase in the low single-digit percentage range , driven by increased volume on the f-35 program offset by contract mix that results in a slight decrease in operating margins between years . information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers . is&gs 2019 technical services business provides a comprehensive portfolio of technical and sustainment services . is&gs has a portfolio of many smaller contracts as compared to our other business segments . is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price . is&gs 2019 operating results included the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>net sales</td><td>$ 5596</td><td>$ 5654</td><td>$ 6115</td></tr><tr><td>3</td><td>operating profit</td><td>508</td><td>472</td><td>498</td></tr><tr><td>4</td><td>operating margins</td><td>9.1% ( 9.1 % )</td><td>8.3% ( 8.3 % )</td><td>8.1% ( 8.1 % )</td></tr><tr><td>5</td><td>backlog at year-end</td><td>$ 4800</td><td>$ 6000</td><td>$ 6300</td></tr></table> 2015 compared to 2014 is&gs 2019 net sales decreased $ 58 million , or 1% ( 1 % ) , in 2015 as compared to 2014 . the decrease was attributable to lower net sales of approximately $ 395 million as a result of key program completions , lower customer funding levels and increased competition , coupled with the fragmentation of existing large contracts into multiple smaller contracts that are awarded primarily on the basis of price when re-competed ( including cms-citic ) . these decreases were partially offset by higher net sales of approximately $ 230 million for businesses acquired in 2014 ; and approximately $ 110 million due to the start-up of new programs and growth in recently awarded programs . is&gs 2019 operating profit increased $ 36 million , or 8% ( 8 % ) , in 2015 as compared to 2014 . the increase was attributable to improved program performance and risk retirements , offset by decreased operating profit resulting from the activities mentioned above for net sales . adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 70 million higher in 2015 compared to 2014 . 2014 compared to 2013 is&gs 2019 net sales decreased $ 461 million , or 8% ( 8 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to lower net sales of about $ 475 million due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo ) ; and approximately $ 320 million due to decreased volume in technical services programs reflecting market pressures . the decreases were offset by higher net sales of about $ 330 million due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies . is&gs 2019 operating profit decreased $ 26 million , or 5% ( 5 % ) , in 2014 as compared to 2013 . the decrease was primarily attributable to the activities mentioned above for sales , partially offset by severance recoveries related to the restructuring announced in november 2013 of approximately $ 20 million in 2014 . adjustments not related to volume , including net profit booking rate adjustments , were comparable in 2014 and 2013. .\nQuestion: what was the backlog at year-end in 2015?\nAnswer: 4800.0\nQuestion: and what was it in 2014?\n" }, { "role": "agent", "content": "6000.0" } ]
CONVFINQA7324	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nadvance auto parts , inc . and subsidiaries notes to the consolidated financial statements 2013 ( continued ) december 29 , 2007 , december 30 , 2006 and december 31 , 2005 ( in thousands , except per share data ) 11 . stock repurchase program : during fiscal 2007 , the company's board of directors authorized a new stock repurchase program of up to $ 500000 of the company's common stock plus related expenses . the new program cancelled and replaced the remaining portion of the previous $ 300000 stock repurchase program . the program allows the company to repurchase its common stock on the open market or in privately negotiated transactions from time to time in accordance with the requirements of the securities and exchange commission . during fiscal 2007 , the company repurchased 8341 shares of common stock at an aggregate cost of $ 285869 , or an average price of $ 34.27 per share , of which 1330 shares of common stock were repurchased under the previous $ 300000 stock repurchase program . as of december 29 , 2007 , 77 shares have been repurchased at an aggregate cost of $ 2959 and remained unsettled . during fiscal 2007 , the company retired 6329 shares previously repurchased under the stock repurchase programs . at december 29 , 2007 , the company had $ 260567 remaining under the current stock repurchase program . subsequent to december 29 , 2007 , the company repurchased 4563 shares of common stock at an aggregate cost of $ 155350 , or an average price of $ 34.04 per share . during fiscal 2006 , the company retired 5117 shares of common stock which were previously repurchased under the company 2019s prior stock repurchase program . these shares were repurchased during fiscal 2006 and fiscal 2005 at an aggregate cost of $ 192339 , or an average price of $ 37.59 per share . 12 . income taxes : as a result of the adoption of fin 48 on december 31 , 2006 , the company recorded an increase of $ 2275 to the liability for unrecognized tax benefits and a corresponding decrease in its balance of retained earnings . the following table summarizes the activity related to our unrecognized tax benefits for the fiscal year ended december 29 , 2007: . <table class='wikitable'><tr><td>1</td><td>balance at december 31 2006</td><td>$ 16453</td></tr><tr><td>2</td><td>gross increases related to prior period tax positions</td><td>1279</td></tr><tr><td>3</td><td>gross decreases related to prior period tax positions</td><td>-1853 ( 1853 )</td></tr><tr><td>4</td><td>gross increases related to current period tax positions</td><td>5340</td></tr><tr><td>5</td><td>settlements</td><td>-539 ( 539 )</td></tr><tr><td>6</td><td>expiration of statute of limitations</td><td>-271 ( 271 )</td></tr><tr><td>7</td><td>balance at december 29 2007</td><td>$ 20409</td></tr></table> as of december 29 , 2007 the entire amount of unrecognized tax benefits , if recognized , would reduce the company 2019s annual effective tax rate . with the adoption of fin 48 , the company provides for interest and penalties as a part of income tax expense . during fiscal 2007 , the company accrued potential penalties and interest of $ 709 and $ 1827 , respectively , related to these unrecognized tax benefits . as of december 29 , 2007 , the company has recorded a liability for potential penalties and interest of $ 1843 and $ 4421 , respectively . prior to the adoption of fin 48 , the company classified interest associated with tax contingencies in interest expense . the company has not provided for any penalties associated with tax contingencies unless considered probable of assessment . the company does not expect its unrecognized tax benefits to change significantly over the next 12 months . during the next 12 months , it is possible the company could conclude on $ 2000 to $ 3000 of the contingencies associated with unrecognized tax uncertainties due mainly to settlements and expiration of statute of limitations ( including tax benefits , interest and penalties ) . the majority of these resolutions would be achieved through the completion of current income tax examinations. .\nQuestion: what is the balance of unrecognized tax benefits in 2007?\nAnswer: 20409.0\nQuestion: what about in 2006?\nAnswer: 16453.0\nQuestion: what is the net change?\nAnswer: 3956.0\nQuestion: what is the average stock price for repurchases shares in 2007?\nAnswer: 34.27\nQuestion: what about the average for 2006 and 2005?\nAnswer: 37.59\nQuestion: what is the net change?\nAnswer: -3.32\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "-0.08832" } ]
CONVFINQA7680	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy corporation and subsidiaries notes to financial statements liability to $ 60 million , and recorded the $ 2.7 million difference as a credit to interest expense . the $ 60 million remaining liability was eliminated upon payment of the cash portion of the purchase price . as of december 31 , 2016 , entergy louisiana , in connection with the waterford 3 lease obligation , had a future minimum lease payment ( reflecting an interest rate of 8.09% ( 8.09 % ) ) of $ 57.5 million , including $ 2.3 million in interest , due january 2017 that is recorded as long-term debt . in february 2017 the leases were terminated and the leased assets were conveyed to entergy louisiana . grand gulf lease obligations in 1988 , in two separate but substantially identical transactions , system energy sold and leased back undivided ownership interests in grand gulf for the aggregate sum of $ 500 million . the initial term of the leases expired in july 2015 . system energy renewed the leases for fair market value with renewal terms expiring in july 2036 . at the end of the new lease renewal terms , system energy has the option to repurchase the leased interests in grand gulf or renew the leases at fair market value . in the event that system energy does not renew or purchase the interests , system energy would surrender such interests and their associated entitlement of grand gulf 2019s capacity and energy . system energy is required to report the sale-leaseback as a financing transaction in its financial statements . for financial reporting purposes , system energy expenses the interest portion of the lease obligation and the plant depreciation . however , operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes . consistent with a recommendation contained in a ferc audit report , system energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis , resulting in a zero net balance for the regulatory asset at the end of the lease term . the amount was a net regulatory liability of $ 55.6 million and $ 55.6 million as of december 31 , 2016 and 2015 , respectively . as of december 31 , 2016 , system energy , in connection with the grand gulf sale and leaseback transactions , had future minimum lease payments ( reflecting an implicit rate of 5.13% ( 5.13 % ) ) that are recorded as long-term debt , as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>2017</td><td>$ 17188</td></tr><tr><td>3</td><td>2018</td><td>17188</td></tr><tr><td>4</td><td>2019</td><td>17188</td></tr><tr><td>5</td><td>2020</td><td>17188</td></tr><tr><td>6</td><td>2021</td><td>17188</td></tr><tr><td>7</td><td>years thereafter</td><td>257812</td></tr><tr><td>8</td><td>total</td><td>343752</td></tr><tr><td>9</td><td>less : amount representing interest</td><td>309393</td></tr><tr><td>10</td><td>present value of net minimum lease payments</td><td>$ 34359</td></tr></table> .\nQuestion: what is the implicit interest cost rate?\nAnswer: 5.13\nQuestion: what is the rate divided by 100?\nAnswer: 0.0513\nQuestion: what is the value of lease payments due after 2021?\nAnswer: 257812.0\nQuestion: what is the product of the rate and those payments?\n" }, { "role": "agent", "content": "13225.7556" } ]
CONVFINQA144	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\npurchases of equity securities the following table provides information about our repurchases of our common stock registered pursuant to section 12 of the securities exchange act of 1934 during the quarter ended december 31 , 2014 . period ( a ) number of shares purchased average price paid per share total number of shares purchased as part of publicly announced plans or programs ( b ) amount available for future share repurchases under the plans or programs ( b ) ( in millions ) . <table class='wikitable'><tr><td>1</td><td>period ( a )</td><td>total number of shares purchased</td><td>average price paid per share</td><td>total number of shares purchased as part of publicly announced plans or programs ( b )</td><td>amount available for future share repurchases under the plans or programs ( b ) ( in millions )</td></tr><tr><td>2</td><td>september 29 2014 2013 october 26 2014</td><td>399259</td><td>$ 176.96</td><td>397911</td><td>$ 3825</td></tr><tr><td>3</td><td>october 27 2014 2013 november 30 2014</td><td>504300</td><td>$ 187.74</td><td>456904</td><td>$ 3739</td></tr><tr><td>4</td><td>december 1 2014 2013 december 31 2014</td><td>365683</td><td>$ 190.81</td><td>357413</td><td>$ 3671</td></tr><tr><td>5</td><td>total</td><td>1269242 ( c )</td><td>$ 185.23</td><td>1212228</td><td>$ 3671</td></tr></table> total 1269242 ( c ) $ 185.23 1212228 $ 3671 ( a ) we close our books and records on the last sunday of each month to align our financial closing with our business processes , except for the month of december , as our fiscal year ends on december 31 . as a result , our fiscal months often differ from the calendar months . for example , september 29 , 2014 was the first day of our october 2014 fiscal month . ( b ) in october 2010 , our board of directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices . on september 25 , 2014 , our board of directors authorized a $ 2.0 billion increase to the program . under the program , management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation . we also may make purchases under the program pursuant to rule 10b5-1 plans . the program does not have an expiration date . ( c ) during the quarter ended december 31 , 2014 , the total number of shares purchased included 57014 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units . these purchases were made pursuant to a separate authorization by our board of directors and are not included within the program. .\nQuestion: what was the average price of the purchased shares in november 2014?\n" }, { "role": "agent", "content": "187.74" } ]
CONVFINQA2323	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nanticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices . a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s . treasury securities or u.s . government agency securities . our exposure to risk is minimal given the nature of the investments . our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction . based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal . however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate . net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively . total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses . net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively . net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings . we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability . this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss . as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods . we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa . a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future . valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments . net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream . our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future . as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved . each clearing firm is required to deposit and maintain specified performance bond collateral . performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time . we accept a variety of collateral to satisfy performance bond requirements . cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets . clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets . the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time . cash performance bonds and guaranty fund contributions consisted of the following at december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2010</td><td>2009</td></tr><tr><td>2</td><td>cash performance bonds</td><td>$ 3717.0</td><td>$ 5834.6</td></tr><tr><td>3</td><td>cash guaranty fund contributions</td><td>231.8</td><td>102.6</td></tr><tr><td>4</td><td>cross-margin arrangements</td><td>79.7</td><td>10.6</td></tr><tr><td>5</td><td>performance collateral for delivery</td><td>10.0</td><td>34.1</td></tr><tr><td>6</td><td>total</td><td>$ 4038.5</td><td>$ 5981.9</td></tr></table> .\nQuestion: what was the total of the net current deferred tax assets in 2010, in dollars?\nAnswer: 18300000.0\nQuestion: and what was the total of the net long-term deferred tax liabilities in that same year, in thousands of dollars?\n" }, { "role": "agent", "content": "7800000.0" } ]
CONVFINQA2726	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 1 . business loews hotels holding corporation the subsidiaries of loews hotels holding corporation ( 201cloews hotels 201d ) , our wholly owned subsidiary , presently operate the following 18 hotels . loews hotels accounted for 2.0% ( 2.0 % ) , 2.9% ( 2.9 % ) and 2.7% ( 2.7 % ) of our consolidated total revenue for the years ended december 31 , 2009 , 2008 and 2007 . number of name and location rooms owned , leased or managed loews annapolis hotel 220 owned annapolis , maryland loews coronado bay 440 land lease expiring 2034 san diego , california loews denver hotel 185 owned denver , colorado the don cesar , a loews hotel 347 management contract ( a ) ( b ) st . pete beach , florida hard rock hotel , 650 management contract ( c ) at universal orlando orlando , florida loews lake las vegas 493 management contract ( a ) henderson , nevada loews le concorde hotel 405 land lease expiring 2069 quebec city , canada the madison , a loews hotel 353 management contract expiring 2021 ( a ) washington , d.c . loews miami beach hotel 790 owned miami beach , florida loews new orleans hotel 285 management contract expiring 2018 ( a ) new orleans , louisiana loews philadelphia hotel 585 owned philadelphia , pennsylvania loews portofino bay hotel , 750 management contract ( c ) at universal orlando orlando , florida loews regency hotel 350 land lease expiring 2013 , with renewal option new york , new york for 47 years loews royal pacific resort 1000 management contract ( c ) at universal orlando orlando , florida loews santa monica beach hotel 340 management contract expiring 2018 , with santa monica , california renewal option for 5 years ( a ) loews vanderbilt hotel 340 owned nashville , tennessee loews ventana canyon 400 management contract expiring 2019 ( a ) tucson , arizona loews hotel vogue 140 owned montreal , canada ( a ) these management contracts are subject to termination rights . ( b ) a loews hotels subsidiary is a 20% ( 20 % ) owner of the hotel , which is being operated by loews hotels pursuant to a management contract . ( c ) a loews hotels subsidiary is a 50% ( 50 % ) owner of these hotels located at the universal orlando theme park , through a joint venture with universal studios and the rank group . the hotels are on land leased by the joint venture and are operated by loews hotels pursuant to a management contract. . <table class='wikitable'><tr><td>1</td><td>name and location</td><td>number of rooms</td><td>owned leased or managed</td></tr><tr><td>2</td><td>loews annapolis hotel annapolis maryland</td><td>220</td><td>owned</td></tr><tr><td>3</td><td>loews coronado bay san diego california</td><td>440</td><td>land lease expiring 2034</td></tr><tr><td>4</td><td>loews denver hotel denver colorado</td><td>185</td><td>owned</td></tr><tr><td>5</td><td>the don cesar a loews hotel st . pete beach florida</td><td>347</td><td>management contract ( a ) ( b )</td></tr><tr><td>6</td><td>hard rock hotel at universal orlando orlando florida</td><td>650</td><td>management contract ( c )</td></tr><tr><td>7</td><td>loews lake las vegas henderson nevada</td><td>493</td><td>management contract ( a )</td></tr><tr><td>8</td><td>loews le concorde hotel quebec city canada</td><td>405</td><td>land lease expiring 2069</td></tr><tr><td>9</td><td>the madison a loews hotel washington d.c .</td><td>353</td><td>management contract expiring 2021 ( a )</td></tr><tr><td>10</td><td>loews miami beach hotel miami beach florida</td><td>790</td><td>owned</td></tr><tr><td>11</td><td>loews new orleans hotel new orleans louisiana</td><td>285</td><td>management contract expiring 2018 ( a )</td></tr><tr><td>12</td><td>loews philadelphia hotel philadelphia pennsylvania</td><td>585</td><td>owned</td></tr><tr><td>13</td><td>loews portofino bay hotel at universal orlando orlando florida</td><td>750</td><td>management contract ( c )</td></tr><tr><td>14</td><td>loews regency hotel new york new york</td><td>350</td><td>land lease expiring 2013 with renewal option for 47 years</td></tr><tr><td>15</td><td>loews royal pacific resort at universal orlando orlando florida</td><td>1000</td><td>management contract ( c )</td></tr><tr><td>16</td><td>loews santa monica beach hotel santa monica california</td><td>340</td><td>management contract expiring 2018 with renewal option for5 years ( a )</td></tr><tr><td>17</td><td>loews vanderbilt hotel nashville tennessee</td><td>340</td><td>owned</td></tr><tr><td>18</td><td>loews ventana canyon tucson arizona</td><td>400</td><td>management contract expiring 2019 ( a )</td></tr><tr><td>19</td><td>loews hotel vogue montreal canada</td><td>140</td><td>owned</td></tr></table> item 1 . business loews hotels holding corporation the subsidiaries of loews hotels holding corporation ( 201cloews hotels 201d ) , our wholly owned subsidiary , presently operate the following 18 hotels . loews hotels accounted for 2.0% ( 2.0 % ) , 2.9% ( 2.9 % ) and 2.7% ( 2.7 % ) of our consolidated total revenue for the years ended december 31 , 2009 , 2008 and 2007 . number of name and location rooms owned , leased or managed loews annapolis hotel 220 owned annapolis , maryland loews coronado bay 440 land lease expiring 2034 san diego , california loews denver hotel 185 owned denver , colorado the don cesar , a loews hotel 347 management contract ( a ) ( b ) st . pete beach , florida hard rock hotel , 650 management contract ( c ) at universal orlando orlando , florida loews lake las vegas 493 management contract ( a ) henderson , nevada loews le concorde hotel 405 land lease expiring 2069 quebec city , canada the madison , a loews hotel 353 management contract expiring 2021 ( a ) washington , d.c . loews miami beach hotel 790 owned miami beach , florida loews new orleans hotel 285 management contract expiring 2018 ( a ) new orleans , louisiana loews philadelphia hotel 585 owned philadelphia , pennsylvania loews portofino bay hotel , 750 management contract ( c ) at universal orlando orlando , florida loews regency hotel 350 land lease expiring 2013 , with renewal option new york , new york for 47 years loews royal pacific resort 1000 management contract ( c ) at universal orlando orlando , florida loews santa monica beach hotel 340 management contract expiring 2018 , with santa monica , california renewal option for 5 years ( a ) loews vanderbilt hotel 340 owned nashville , tennessee loews ventana canyon 400 management contract expiring 2019 ( a ) tucson , arizona loews hotel vogue 140 owned montreal , canada ( a ) these management contracts are subject to termination rights . ( b ) a loews hotels subsidiary is a 20% ( 20 % ) owner of the hotel , which is being operated by loews hotels pursuant to a management contract . ( c ) a loews hotels subsidiary is a 50% ( 50 % ) owner of these hotels located at the universal orlando theme park , through a joint venture with universal studios and the rank group . the hotels are on land leased by the joint venture and are operated by loews hotels pursuant to a management contract. .\nQuestion: how many rooms does loews hotel have in montreal, canada?\nAnswer: 140.0\nQuestion: and what is that number for quebec city, canada?\nAnswer: 405.0\nQuestion: what is, then, the total of rooms in both locations, combined?\nAnswer: 545.0\nQuestion: and concerning only the santa monica location, what is the final year of the management contract, including the renewals?\n" }, { "role": "agent", "content": "2023.0" } ]
CONVFINQA4362	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis 130 jpmorgan chase & co./2013 annual report wholesale credit portfolio the wholesale credit environment remained favorable throughout 2013 driving an increase in commercial client activity . discipline in underwriting across all areas of lending continues to remain a key point of focus , consistent with evolving market conditions and the firm 2019s risk management activities . the wholesale portfolio is actively managed , in part by conducting ongoing , in-depth reviews of credit quality and of industry , product and client concentrations . during the year , wholesale criticized assets and nonperforming assets decreased from higher levels experienced in 2012 , including a reduction in nonaccrual loans by 39% ( 39 % ) . as of december 31 , 2013 , wholesale exposure ( primarily cib , cb and am ) increased by $ 13.7 billion from december 31 , 2012 , primarily driven by increases of $ 11.4 billion in lending-related commitments and $ 8.4 billion in loans reflecting increased client activity primarily in cb and am . these increases were partially offset by a $ 9.2 billion decrease in derivative receivables . derivative receivables decreased predominantly due to reductions in interest rate derivatives driven by an increase in interest rates and reductions in commodity derivatives due to market movements . the decreases were partially offset by an increase in equity derivatives driven by a rise in equity markets . wholesale credit portfolio december 31 , credit exposure nonperforming ( d ) . <table class='wikitable'><tr><td>1</td><td>december 31 , ( in millions )</td><td>december 31 , 2013</td><td>december 31 , 2012</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>loans retained</td><td>$ 308263</td><td>$ 306222</td><td>$ 821</td><td>$ 1434</td></tr><tr><td>3</td><td>loans held-for-sale</td><td>11290</td><td>4406</td><td>26</td><td>18</td></tr><tr><td>4</td><td>loans at fair value ( a )</td><td>2011</td><td>2555</td><td>197</td><td>265</td></tr><tr><td>5</td><td>loans 2013 reported</td><td>321564</td><td>313183</td><td>1044</td><td>1717</td></tr><tr><td>6</td><td>derivative receivables</td><td>65759</td><td>74983</td><td>415</td><td>239</td></tr><tr><td>7</td><td>receivables from customers and other ( b )</td><td>26744</td><td>23648</td><td>2014</td><td>2014</td></tr><tr><td>8</td><td>total wholesale credit-related assets</td><td>414067</td><td>411814</td><td>1459</td><td>1956</td></tr><tr><td>9</td><td>lending-related commitments</td><td>446232</td><td>434814</td><td>206</td><td>355</td></tr><tr><td>10</td><td>total wholesale credit exposure</td><td>$ 860299</td><td>$ 846628</td><td>$ 1665</td><td>$ 2311</td></tr><tr><td>11</td><td>credit portfolio management derivatives notional net ( c )</td><td>$ -27996 ( 27996 )</td><td>$ -27447 ( 27447 )</td><td>$ -5 ( 5 )</td><td>$ -25 ( 25 )</td></tr><tr><td>12</td><td>liquid securities and other cash collateral held against derivatives</td><td>-14435 ( 14435 )</td><td>-15201 ( 15201 )</td><td>na</td><td>na</td></tr></table> receivables from customers and other ( b ) 26744 23648 2014 2014 total wholesale credit- related assets 414067 411814 1459 1956 lending-related commitments 446232 434814 206 355 total wholesale credit exposure $ 860299 $ 846628 $ 1665 $ 2311 credit portfolio management derivatives notional , net ( c ) $ ( 27996 ) $ ( 27447 ) $ ( 5 ) $ ( 25 ) liquid securities and other cash collateral held against derivatives ( 14435 ) ( 15201 ) na na ( a ) during 2013 , certain loans that resulted from restructurings that were previously classified as performing were reclassified as nonperforming loans . prior periods were revised to conform with the current presentation . ( b ) receivables from customers and other primarily includes margin loans to prime and retail brokerage customers ; these are classified in accrued interest and accounts receivable on the consolidated balance sheets . ( c ) represents the net notional amount of protection purchased and sold through credit derivatives used to manage both performing and nonperforming wholesale credit exposures ; these derivatives do not qualify for hedge accounting under u.s . gaap . excludes the synthetic credit portfolio . for additional information , see credit derivatives on pages 137 2013138 , and note 6 on pages 220 2013233 of this annual report . ( d ) excludes assets acquired in loan satisfactions. .\nQuestion: what was the change in the total wholesale credit-related assets between 2012 and 2013?\nAnswer: 2253.0\nQuestion: and the percentage change during this time?\nAnswer: 0.00547\nQuestion: what was the difference in loans reported between 2012 and 2013?\nAnswer: 8381.0\nQuestion: so what was the percentage change during this time?\n" }, { "role": "agent", "content": "0.02676" } ]
CONVFINQA2697	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nunited parcel service , inc . and subsidiaries management's discussion and analysis of financial condition and results of operations liquidity and capital resources operating activities the following is a summary of the significant sources ( uses ) of cash from operating activities ( amounts in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net income</td><td>$ 807</td><td>$ 3804</td><td>$ 3338</td></tr><tr><td>3</td><td>non-cash operating activities ( a )</td><td>7301</td><td>4505</td><td>4398</td></tr><tr><td>4</td><td>pension and postretirement plan contributions ( ups-sponsored plans )</td><td>-917 ( 917 )</td><td>-1436 ( 1436 )</td><td>-3240 ( 3240 )</td></tr><tr><td>5</td><td>income tax receivables and payables</td><td>280</td><td>236</td><td>-319 ( 319 )</td></tr><tr><td>6</td><td>changes in working capital and other noncurrent assets and liabilities</td><td>-148 ( 148 )</td><td>-12 ( 12 )</td><td>-340 ( 340 )</td></tr><tr><td>7</td><td>other operating activities</td><td>-107 ( 107 )</td><td>-24 ( 24 )</td><td>-2 ( 2 )</td></tr><tr><td>8</td><td>net cash from operating activities</td><td>$ 7216</td><td>$ 7073</td><td>$ 3835</td></tr></table> ( a ) represents depreciation and amortization , gains and losses on derivative and foreign exchange transactions , deferred income taxes , provisions for uncollectible accounts , pension and postretirement benefit expense , stock compensation expense , impairment charges and other non-cash items . cash from operating activities remained strong throughout the 2010 to 2012 time period . operating cash flow was favorably impacted in 2012 , compared with 2011 , by lower contributions into our defined benefit pension and postretirement benefit plans ; however , this was partially offset by changes in our working capital position , which was impacted by overall growth in the business . the change in the cash flows for income tax receivables and payables in 2011 and 2010 was primarily related to the timing of discretionary pension contributions during 2010 , as discussed further in the following paragraph . except for discretionary or accelerated fundings of our plans , contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans . 2022 in 2012 , we made a $ 355 million required contribution to the ups ibt pension plan . 2022 in 2011 , we made a $ 1.2 billion contribution to the ups ibt pension plan , which satisfied our 2011 contribution requirements and also approximately $ 440 million in contributions that would not have been required until after 2011 . 2022 in 2010 , we made $ 2.0 billion in discretionary contributions to our ups retirement and ups pension plans , and $ 980 million in required contributions to our ups ibt pension plan . 2022 the remaining contributions in the 2010 through 2012 period were largely due to contributions to our international pension plans and u.s . postretirement medical benefit plans . as discussed further in the 201ccontractual commitments 201d section , we have minimum funding requirements in the next several years , primarily related to the ups ibt pension , ups retirement and ups pension plans . as of december 31 , 2012 , the total of our worldwide holdings of cash and cash equivalents was $ 7.327 billion . approximately $ 4.211 billion of this amount was held in european subsidiaries with the intended purpose of completing the acquisition of tnt express n.v . ( see note 16 to the consolidated financial statements ) . excluding this portion of cash held outside the u.s . for acquisition-related purposes , approximately 50%-60% ( 50%-60 % ) of the remaining cash and cash equivalents are held by foreign subsidiaries throughout the year . the amount of cash held by our u.s . and foreign subsidiaries fluctuates throughout the year due to a variety of factors , including the timing of cash receipts and disbursements in the normal course of business . cash provided by operating activities in the united states continues to be our primary source of funds to finance domestic operating needs , capital expenditures , share repurchases and dividend payments to shareowners . to the extent that such amounts represent previously untaxed earnings , the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends ; however , not all international cash balances would have to be repatriated in the form of a dividend if returned to the u.s . when amounts earned by foreign subsidiaries are expected to be indefinitely reinvested , no accrual for taxes is provided. .\nQuestion: what was the net change in value of cash from operating activities from 2010 to 2011?\n" }, { "role": "agent", "content": "3238.0" } ]
CONVFINQA4643	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy new orleans , inc . management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2006 net revenue</td><td>$ 192.2</td></tr><tr><td>3</td><td>fuel recovery</td><td>42.6</td></tr><tr><td>4</td><td>volume/weather</td><td>25.6</td></tr><tr><td>5</td><td>rider revenue</td><td>8.5</td></tr><tr><td>6</td><td>net wholesale revenue</td><td>-41.2 ( 41.2 )</td></tr><tr><td>7</td><td>other</td><td>3.3</td></tr><tr><td>8</td><td>2007 net revenue</td><td>$ 231.0</td></tr></table> the fuel recovery variance is due to the inclusion of grand gulf costs in fuel recoveries effective july 1 , 2006 . in june 2006 , the city council approved the recovery of grand gulf costs through the fuel adjustment clause , without a corresponding change in base rates ( a significant portion of grand gulf costs was previously recovered through base rates ) . the volume/weather variance is due to an increase in electricity usage in the service territory in 2007 compared to the same period in 2006 . the first quarter 2006 was affected by customer losses following hurricane katrina . entergy new orleans estimates that approximately 132000 electric customers and 86000 gas customers have returned and are taking service as of december 31 , 2007 , compared to approximately 95000 electric customers and 65000 gas customers as of december 31 , 2006 . billed retail electricity usage increased a total of 540 gwh compared to the same period in 2006 , an increase of 14% ( 14 % ) . the rider revenue variance is due primarily to a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 . the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account . the settlement agreement is discussed in note 2 to the financial statements . the net wholesale revenue variance is due to more energy available for resale in 2006 due to the decrease in retail usage caused by customer losses following hurricane katrina . in addition , 2006 revenue includes the sales into the wholesale market of entergy new orleans' share of the output of grand gulf , pursuant to city council approval of measures proposed by entergy new orleans to address the reduction in entergy new orleans' retail customer usage caused by hurricane katrina and to provide revenue support for the costs of entergy new orleans' share of grand other income statement variances 2008 compared to 2007 other operation and maintenance expenses decreased primarily due to : a provision for storm-related bad debts of $ 11 million recorded in 2007 ; a decrease of $ 6.2 million in legal and professional fees ; a decrease of $ 3.4 million in employee benefit expenses ; and a decrease of $ 1.9 million in gas operations spending due to higher labor and material costs for reliability work in 2007. .\nQuestion: what was the change in the total of electric customers between 2006 and 2007?\n" }, { "role": "agent", "content": "37000.0" } ]
CONVFINQA8610	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntable of contents interest expense , net of capitalized interest increased $ 64 million , or 9.8% ( 9.8 % ) , to $ 710 million in 2013 from $ 646 million in 2012 primarily due to special charges of $ 92 million to recognize post-petition interest expense on unsecured obligations pursuant to the plan and penalty interest related to 10.5% ( 10.5 % ) secured notes and 7.50% ( 7.50 % ) senior secured notes . other nonoperating expense , net of $ 84 million in 2013 consists principally of net foreign currency losses of $ 55 million and early debt extinguishment charges of $ 48 million . other nonoperating income in 2012 consisted principally of a $ 280 million special credit related to the settlement of a commercial dispute partially offset by net foreign currency losses . reorganization items , net reorganization items refer to revenues , expenses ( including professional fees ) , realized gains and losses and provisions for losses that are realized or incurred as a direct result of the chapter 11 cases . the following table summarizes the components included in reorganization items , net on american 2019s consolidated statements of operations for the years ended december 31 , 2013 and 2012 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>pension and postretirement benefits</td><td>$ 2014</td><td>$ -66 ( 66 )</td></tr><tr><td>3</td><td>labor-related deemed claim ( 1 )</td><td>1733</td><td>2014</td></tr><tr><td>4</td><td>aircraft and facility financing renegotiations and rejections ( 2 ) ( 3 )</td><td>320</td><td>1951</td></tr><tr><td>5</td><td>fair value of conversion discount ( 4 )</td><td>218</td><td>2014</td></tr><tr><td>6</td><td>professional fees</td><td>199</td><td>227</td></tr><tr><td>7</td><td>other</td><td>170</td><td>67</td></tr><tr><td>8</td><td>total reorganization items net</td><td>$ 2640</td><td>$ 2179</td></tr></table> ( 1 ) in exchange for employees 2019 contributions to the successful reorganization , including agreeing to reductions in pay and benefits , american agreed in the plan to provide each employee group a deemed claim , which was used to provide a distribution of a portion of the equity of the reorganized entity to those employees . each employee group received a deemed claim amount based upon a portion of the value of cost savings provided by that group through reductions to pay and benefits as well as through certain work rule changes . the total value of this deemed claim was approximately $ 1.7 billion . ( 2 ) amounts include allowed claims ( claims approved by the bankruptcy court ) and estimated allowed claims relating to ( i ) the rejection or modification of financings related to aircraft and ( ii ) entry of orders treated as unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds . the debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the bankruptcy court to reject or modify such financing or facility agreement and the debtors believed that it was probable the motion would be approved , and there was sufficient information to estimate the claim . see note 2 to american 2019s consolidated financial statements in part ii , item 8b for further information . ( 3 ) pursuant to the plan , the debtors agreed to allow certain post-petition unsecured claims on obligations . as a result , during the year ended december 31 , 2013 , american recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $ 180 million , allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at jfk , and rejected bonds that financed certain improvements at ord , which are included in the table above . ( 4 ) the plan allowed unsecured creditors receiving aag series a preferred stock a conversion discount of 3.5% ( 3.5 % ) . accordingly , american recorded the fair value of such discount upon the confirmation of the plan by the bankruptcy court. .\nQuestion: what was the increase in total reorganization items net from 2012 to 2013?\nAnswer: 461.0\nQuestion: and what is this increase as a portion of that net total in 2012?\nAnswer: 0.21156\nQuestion: and in that same year of 2013, how much did the interest expense, net of capitalized interest represent in relation to the other non operating income net related to debt extinguishm net and currency losses?\n" }, { "role": "agent", "content": "8.45238" } ]
CONVFINQA95	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nincluded in other non-current liabilities , because the company believes that the ultimate payment or settlement of these liabilities will not occur within the next twelve months . prior to the adoption of these provisions , these amounts were included in current income tax payable . the company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the condensed consolidated statements of income , and as a result , no change in classification was made upon adopting these provisions . the condensed consolidated statements of income for fiscal year 2009 and fiscal year 2008 include $ 1.7 million and $ 1.3 million , respectively , of interest and penalties related to these uncertain tax positions . due to the complexity associated with its tax uncertainties , the company cannot make a reasonably reliable estimate as to the period in which it expects to settle the liabilities associated with these uncertain tax positions . the following table summarizes the changes in the total amounts of uncertain tax positions for fiscal 2008 and fiscal 2009. . <table class='wikitable'><tr><td>1</td><td>balance november 3 2007</td><td>$ 9889</td></tr><tr><td>2</td><td>additions for tax positions of current year</td><td>3861</td></tr><tr><td>3</td><td>balance november 1 2008</td><td>13750</td></tr><tr><td>4</td><td>additions for tax positions of current year</td><td>4411</td></tr><tr><td>5</td><td>balance october 31 2009</td><td>$ 18161</td></tr></table> fiscal year 2004 and 2005 irs examination during the fourth quarter of fiscal 2007 , the irs completed its field examination of the company 2019s fiscal years 2004 and 2005 . on january 2 , 2008 , the irs issued its report for fiscal 2004 and 2005 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 46 million . the company has concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . the company 2019s initial meetings with the appellate division of the irs were held during fiscal year 2009 . two of the unresolved matters are one-time issues and pertain to section 965 of the internal revenue code related to the beneficial tax treatment of dividends from foreign owned companies under the american jobs creation act . the other matters pertain to the computation of research and development ( r&d ) tax credits and the profits earned from manufacturing activities carried on outside the united states . these latter two matters could impact taxes payable for fiscal 2004 and 2005 as well as for subsequent years . fiscal year 2006 and 2007 irs examination during the third quarter of fiscal 2009 , the irs completed its field examination of the company 2019s fiscal years 2006 and 2007 . the irs and the company have agreed on the treatment of a number of issues that have been included in an issue resolutions agreement related to the 2006 and 2007 tax returns . however , no agreement was reached on the tax treatment of a number of issues , including the same r&d credit and foreign manufacturing issues mentioned above related to fiscal 2004 and 2005 , the pricing of intercompany sales ( transfer pricing ) , and the deductibility of certain stock option compensation expenses . during the third quarter of fiscal 2009 , the irs issued its report for fiscal 2006 and fiscal 2007 , which included proposed adjustments related to these two fiscal years . the company has recorded taxes and penalties related to certain of these proposed adjustments . there are four items with an additional potential total tax liability of $ 195 million . the company concluded , based on discussions with its tax advisors , that these four items are not likely to result in any additional tax liability . therefore , the company has not recorded any additional tax liability for these items and is appealing these proposed adjustments through the normal processes for the resolution of differences between the irs and taxpayers . with the exception of the analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .\nQuestion: what was the net change in the value of the balance from 2007 to 2009?\n" }, { "role": "agent", "content": "8272.0" } ]
CONVFINQA9970	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nshareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the sec , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing . the following graph shows a five year comparison of cumulative total shareowners 2019 returns for our class b common stock , the standard & poor 2019s 500 index , and the dow jones transportation average . the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/31/2010</td><td>12/31/2011</td><td>12/31/2012</td><td>12/31/2013</td><td>12/31/2014</td><td>12/31/2015</td></tr><tr><td>2</td><td>united parcel service inc .</td><td>$ 100.00</td><td>$ 103.88</td><td>$ 107.87</td><td>$ 158.07</td><td>$ 171.77</td><td>$ 160.61</td></tr><tr><td>3</td><td>standard & poor 2019s 500 index</td><td>$ 100.00</td><td>$ 102.11</td><td>$ 118.43</td><td>$ 156.77</td><td>$ 178.22</td><td>$ 180.67</td></tr><tr><td>4</td><td>dow jones transportation average</td><td>$ 100.00</td><td>$ 100.01</td><td>$ 107.49</td><td>$ 151.97</td><td>$ 190.08</td><td>$ 158.23</td></tr></table> .\nQuestion: what is the difference between the united parcel service inc. share price of 12/31/2015 and that of 12/31/2010?\n" }, { "role": "agent", "content": "60.61" } ]
CONVFINQA9618	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ns c h e d u l e i v ace limited and subsidiaries s u p p l e m e n t a l i n f o r m a t i o n c o n c e r n i n g r e i n s u r a n c e premiums earned for the years ended december 31 , 2010 , 2009 , and 2008 ( in millions of u.s . dollars , except for percentages ) direct amount ceded to companies assumed from other companies net amount percentage of amount assumed to . <table class='wikitable'><tr><td>1</td><td>for the years ended december 31 2010 2009 and 2008 ( in millions of u.s . dollars except for percentages )</td><td>directamount</td><td>ceded to other companies</td><td>assumed from other companies</td><td>net amount</td><td>percentage of amount assumed to net</td></tr><tr><td>2</td><td>2010</td><td>$ 15780</td><td>$ 5792</td><td>$ 3516</td><td>$ 13504</td><td>26% ( 26 % )</td></tr><tr><td>3</td><td>2009</td><td>$ 15415</td><td>$ 5943</td><td>$ 3768</td><td>$ 13240</td><td>28% ( 28 % )</td></tr><tr><td>4</td><td>2008</td><td>$ 16087</td><td>$ 6144</td><td>$ 3260</td><td>$ 13203</td><td>25% ( 25 % )</td></tr></table> .\nQuestion: what is the value of direct amount in 2010?\nAnswer: 15780.0\nQuestion: what about the value of ceded to other companies?\n" }, { "role": "agent", "content": "5792.0" } ]
CONVFINQA2152	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnote 9 . retirement plan we maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service . annual contributions to the plan are based on fixed percentages of participants 2019 salaries and years of service , not to exceed certain maximums . pension cost was $ 13.9 million , $ 12.8 million and $ 12.2 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively . note 10 . income taxes we and the majority of our subsidiaries are currently exempt from united states corporate tax on income from the international opera- tion of ships pursuant to section 883 of the internal revenue code . income tax expense related to our remaining subsidiaries was not significant for the years ended december 31 , 2006 , 2005 and 2004 . final regulations under section 883 were published on august 26 , 2003 , and were effective for the year ended december 31 , 2005 . these regulations confirmed that we qualify for the exemption provid- ed by section 883 , but also narrowed the scope of activities which are considered by the internal revenue service to be incidental to the international operation of ships . the activities listed in the regula- tions as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers , shore excursions and pre and post cruise tours . to the extent the income from such activities is earned from sources within the united states , such income will be subject to united states taxa- tion . the application of these new regulations reduced our net income for the years ended december 31 , 2006 and december 31 , 2005 by approximately $ 6.3 million and $ 14.0 million , respectively . note 11 . financial instruments the estimated fair values of our financial instruments are as follows ( in thousands ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2006</td><td>2005</td></tr><tr><td>2</td><td>cash and cash equivalents</td><td>$ 104520</td><td>$ 125385</td></tr><tr><td>3</td><td>long-term debt ( including current portion of long-term debt )</td><td>-5474988 ( 5474988 )</td><td>-4368874 ( 4368874 )</td></tr><tr><td>4</td><td>foreign currency forward contracts in a net ( loss ) gain position</td><td>104159</td><td>-115415 ( 115415 )</td></tr><tr><td>5</td><td>interest rate swap agreements in a net receivable position</td><td>5856</td><td>8456</td></tr><tr><td>6</td><td>fuel swap agreements in a net payable position</td><td>-20456 ( 20456 )</td><td>-78 ( 78 )</td></tr></table> long-term debt ( including current portion of long-term debt ) ( 5474988 ) ( 4368874 ) foreign currency forward contracts in a net ( loss ) gain position 104159 ( 115415 ) interest rate swap agreements in a net receivable position 5856 8456 fuel swap agreements in a net payable position ( 20456 ) ( 78 ) the reported fair values are based on a variety of factors and assumptions . accordingly , the fair values may not represent actual values of the financial instruments that could have been realized as of december 31 , 2006 or 2005 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement . our financial instruments are not held for trading or speculative purposes . our exposure under foreign currency contracts , interest rate and fuel swap agreements is limited to the cost of replacing the contracts in the event of non-performance by the counterparties to the contracts , all of which are currently our lending banks . to minimize this risk , we select counterparties with credit risks acceptable to us and we limit our exposure to an individual counterparty . furthermore , all foreign currency forward contracts are denominated in primary currencies . cash and cash equivalents the carrying amounts of cash and cash equivalents approximate their fair values due to the short maturity of these instruments . long-term debt the fair values of our senior notes and senior debentures were esti- mated by obtaining quoted market prices . the fair values of all other debt were estimated using discounted cash flow analyses based on market rates available to us for similar debt with the same remaining maturities . foreign currency contracts the fair values of our foreign currency forward contracts were esti- mated using current market prices for similar instruments . our expo- sure to market risk for fluctuations in foreign currency exchange rates relates to six ship construction contracts and forecasted transactions . we use foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates . as of december 31 , 2006 , we had foreign currency forward contracts in a notional amount of $ 3.8 billion maturing through 2009 . as of december 31 , 2006 , the fair value of our foreign currency forward contracts related to the six ship construction contracts , which are designated as fair value hedges , was a net unrealized gain of approximately $ 106.3 mil- lion . at december 31 , 2005 , the fair value of our foreign currency for- ward contracts related to three ship construction contracts , designated as fair value hedges , was a net unrealized loss of approx- imately $ 103.4 million . the fair value of our foreign currency forward contracts related to the other ship construction contract at december 31 , 2005 , which was designated as a cash flow hedge , was an unre- alized loss , of approximately $ 7.8 million . at december 31 , 2006 , approximately 11% ( 11 % ) of the aggregate cost of the ships was exposed to fluctuations in the euro exchange rate . r o y a l c a r i b b e a n c r u i s e s l t d . 3 5 notes to the consolidated financial statements ( continued ) 51392_financials-v9.qxp 6/7/07 3:40 pm page 35 .\nQuestion: what was the change in the annual pension costs from 2005 to 2006?\n" }, { "role": "agent", "content": "1.7" } ]
CONVFINQA1174	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\namount of commitment expiration per period other commercial commitments after millions total 2013 2014 2015 2016 2017 2017 . <table class='wikitable'><tr><td>1</td><td>other commercial commitmentsmillions</td><td>total</td><td>amount of commitment expiration per period 2013</td><td>amount of commitment expiration per period 2014</td><td>amount of commitment expiration per period 2015</td><td>amount of commitment expiration per period 2016</td><td>amount of commitment expiration per period 2017</td><td>amount of commitment expiration per period after 2017</td></tr><tr><td>2</td><td>credit facilities [a]</td><td>$ 1800</td><td>$ -</td><td>$ -</td><td>$ 1800</td><td>$ -</td><td>$ -</td><td>$ -</td></tr><tr><td>3</td><td>receivables securitization facility [b]</td><td>600</td><td>600</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>4</td><td>guarantees [c]</td><td>307</td><td>8</td><td>214</td><td>12</td><td>30</td><td>10</td><td>33</td></tr><tr><td>5</td><td>standby letters of credit [d]</td><td>25</td><td>24</td><td>1</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>6</td><td>total commercialcommitments</td><td>$ 2732</td><td>$ 632</td><td>$ 215</td><td>$ 1812</td><td>$ 30</td><td>$ 10</td><td>$ 33</td></tr></table> [a] none of the credit facility was used as of december 31 , 2012 . [b] $ 100 million of the receivables securitization facility was utilized at december 31 , 2012 , which is accounted for as debt . the full program matures in july 2013 . [c] includes guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . [d] none of the letters of credit were drawn upon as of december 31 , 2012 . off-balance sheet arrangements guarantees 2013 at december 31 , 2012 , we were contingently liable for $ 307 million in guarantees . we have recorded a liability of $ 2 million for the fair value of these obligations as of december 31 , 2012 and 2011 . we entered into these contingent guarantees in the normal course of business , and they include guaranteed obligations related to our headquarters building , equipment financings , and affiliated operations . the final guarantee expires in 2022 . we are not aware of any existing event of default that would require us to satisfy these guarantees . we do not expect that these guarantees will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity . other matters labor agreements 2013 approximately 86% ( 86 % ) of our 45928 full-time-equivalent employees are represented by 14 major rail unions . during the year , we concluded the most recent round of negotiations , which began in 2010 , with the ratification of new agreements by several unions that continued negotiating into 2012 . all of the unions executed similar multi-year agreements that provide for higher employee cost sharing of employee health and welfare benefits and higher wages . the current agreements will remain in effect until renegotiated under provisions of the railway labor act . the next round of negotiations will begin in early 2015 . inflation 2013 long periods of inflation significantly increase asset replacement costs for capital-intensive companies . as a result , assuming that we replace all operating assets at current price levels , depreciation charges ( on an inflation-adjusted basis ) would be substantially greater than historically reported amounts . derivative financial instruments 2013 we may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices . we are not a party to leveraged derivatives and , by policy , do not use derivative financial instruments for speculative purposes . derivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged , both at inception and throughout the hedged period . we formally document the nature and relationships between the hedging instruments and hedged items at inception , as well as our risk-management objectives , strategies for undertaking the various hedge transactions , and method of assessing hedge effectiveness . changes in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings . we may use swaps , collars , futures , and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices ; however , the use of these derivative financial instruments may limit future benefits from favorable price movements . market and credit risk 2013 we address market risk related to derivative financial instruments by selecting instruments with value fluctuations that highly correlate with the underlying hedged item . we manage credit risk related to derivative financial instruments , which is minimal , by requiring high credit standards for counterparties and periodic settlements . at december 31 , 2012 and 2011 , we were not required to provide collateral , nor had we received collateral , relating to our hedging activities. .\nQuestion: what is the value of total commercial commitments?\nAnswer: 2732.0\nQuestion: what about the value of utilizes receivables securitization facility during 2012?\n" }, { "role": "agent", "content": "100.0" } ]
CONVFINQA10508	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nsecured financing is primarily conducted through citi 2019s broker-dealer subsidiaries to facilitate customer matched-book activity and to efficiently fund a portion of the trading inventory . secured financing appears as a liability on citi 2019s consolidated balance sheet ( 201csecurities loaned or sold under agreements to repurchase 201d ) . as of december 31 , 2010 , secured financing was $ 189.6 billion and averaged approximately $ 207 billion during the quarter ended december 31 , 2010 . secured financing at december 31 , 2010 increased by $ 35 billion from $ 154.3 billion at december 31 , 2009 . during the same period , reverse repos and securities borrowing increased by $ 25 billion . the majority of secured financing is collateralized by highly liquid government , government-backed and government agency securities . this collateral comes primarily from citi 2019s trading assets and its secured lending , and is part of citi 2019s client matched-book activity given that citi both borrows and lends similar asset types on a secured basis . the minority of secured financing is collateralized by less liquid collateral , and supports both citi 2019s trading assets as well as the business of secured lending to customers , which is also part of citi 2019s client matched-book activity . the less liquid secured borrowing is carefully calibrated by asset quality , tenor and counterparty exposure , including those that might be sensitive to ratings stresses , in order to increase the reliability of the funding . citi believes there are several potential mitigants available to it in the event of stress on the secured financing markets for less liquid collateral . citi 2019s significant liquidity resources in its non-bank entities as of december 31 , 2010 , supplemented by collateralized liquidity transfers between entities , provide a cushion . within the matched-book activity , the secured lending positions , which are carefully managed in terms of collateral and tenor , could be unwound to provide additional liquidity under stress . citi also has excess funding capacity for less liquid collateral with existing counterparties that can be accessed during potential dislocation . in addition , citi has the ability to adjust the size of select trading books to provide further mitigation . at december 31 , 2010 , commercial paper outstanding for citigroup 2019s non- bank entities and bank subsidiaries , respectively , was as follows : in billions of dollars non-bank bank ( 1 ) citigroup . <table class='wikitable'><tr><td>1</td><td>in billions of dollars</td><td>non-bank</td><td>bank</td><td>-1 ( 1 )</td><td>total citigroup</td></tr><tr><td>2</td><td>commercial paper</td><td>$ 9.7</td><td>$ 15.0</td><td>-</td><td>$ 24.7</td></tr></table> ( 1 ) includes $ 15 billion of commercial paper related to vies consolidated effective january 1 , 2010 with the adoption of sfas 166/167 . other short-term borrowings of approximately $ 54 billion ( as set forth in the secured financing and short-term borrowings table above ) include $ 42.4 billion of borrowings from banks and other market participants , which includes borrowings from the federal home loan banks . this represented a decrease of approximately $ 11 billion as compared to year-end 2009 . the average balance of borrowings from banks and other market participants for the quarter ended december 31 , 2010 was approximately $ 43 billion . other short-term borrowings also include $ 11.7 billion of broker borrowings at december 31 , 2010 , which averaged approximately $ 13 billion for the quarter ended december 31 , 2010 . see notes 12 and 19 to the consolidated financial statements for further information on citigroup 2019s and its affiliates 2019 outstanding long-term debt and short-term borrowings . liquidity transfer between entities liquidity is generally transferable within the non-bank , subject to regulatory restrictions ( if any ) and standard legal terms . similarly , the non-bank can generally transfer excess liquidity into citi 2019s bank subsidiaries , such as citibank , n.a . in addition , citigroup 2019s bank subsidiaries , including citibank , n.a. , can lend to the citigroup parent and broker-dealer in accordance with section 23a of the federal reserve act . as of december 31 , 2010 , the amount available for lending under section 23a was approximately $ 26.6 billion , provided the funds are collateralized appropriately. .\nQuestion: as of december 31, 2010, what percentage of commercial paper outstanding was due to non-bank subsidiaries?\n" }, { "role": "agent", "content": "0.39271" } ]
CONVFINQA2898	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmastercard incorporated notes to consolidated financial statements 2014 ( continued ) ( in thousands , except percent and per share data ) the company does not make any contributions to its postretirement plan other than funding benefits payments . the following table summarizes expected net benefit payments from the company 2019s general assets through 2018 : benefit payments expected subsidy receipts benefit payments . <table class='wikitable'><tr><td>1</td><td>-</td><td>benefit payments</td><td>expected subsidy receipts</td><td>net benefit payments</td></tr><tr><td>2</td><td>2009</td><td>$ 2641</td><td>$ 77</td><td>$ 2564</td></tr><tr><td>3</td><td>2010</td><td>3139</td><td>91</td><td>3048</td></tr><tr><td>4</td><td>2011</td><td>3561</td><td>115</td><td>3446</td></tr><tr><td>5</td><td>2012</td><td>3994</td><td>140</td><td>3854</td></tr><tr><td>6</td><td>2013</td><td>4357</td><td>169</td><td>4188</td></tr><tr><td>7</td><td>2014 2013 2018</td><td>25807</td><td>1269</td><td>24538</td></tr></table> the company provides limited postemployment benefits to eligible former u.s . employees , primarily severance under a formal severance plan ( the 201cseverance plan 201d ) . the company accounts for severance expense in accordance with sfas no . 112 , 201cemployers 2019 accounting for postemployment benefits 201d by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods . the company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions . as a result of updating the assumptions , the company recorded severance expense ( benefit ) related to the severance plan of $ 2643 , $ ( 3418 ) and $ 8400 , respectively , during the years 2008 , 2007 and 2006 . the company has an accrued liability related to the severance plan and other severance obligations in the amount of $ 63863 and $ 56172 at december 31 , 2008 and 2007 , respectively . note 13 . debt on april 28 , 2008 , the company extended its committed unsecured revolving credit facility , dated as of april 28 , 2006 ( the 201ccredit facility 201d ) , for an additional year . the new expiration date of the credit facility is april 26 , 2011 . the available funding under the credit facility will remain at $ 2500000 through april 27 , 2010 and then decrease to $ 2000000 during the final year of the credit facility agreement . other terms and conditions in the credit facility remain unchanged . the company 2019s option to request that each lender under the credit facility extend its commitment was provided pursuant to the original terms of the credit facility agreement . borrowings under the facility are available to provide liquidity in the event of one or more settlement failures by mastercard international customers and , subject to a limit of $ 500000 , for general corporate purposes . a facility fee of 8 basis points on the total commitment , or approximately $ 2030 , is paid annually . interest on borrowings under the credit facility would be charged at the london interbank offered rate ( libor ) plus an applicable margin of 37 basis points or an alternative base rate , and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% ( 50 % ) of commitments . the facility fee and borrowing cost are contingent upon the company 2019s credit rating . the company also agreed to pay upfront fees of $ 1250 and administrative fees of $ 325 for the credit facility which are being amortized straight- line over three years . facility and other fees associated with the credit facility or prior facilities totaled $ 2353 , $ 2477 and $ 2717 for each of the years ended december 31 , 2008 , 2007 and 2006 , respectively . mastercard was in compliance with the covenants of the credit facility and had no borrowings under the credit facility at december 31 , 2008 or december 31 , 2007 . the majority of credit facility lenders are customers or affiliates of customers of mastercard international . in june 1998 , mastercard international issued ten-year unsecured , subordinated notes ( the 201cnotes 201d ) paying a fixed interest rate of 6.67% ( 6.67 % ) per annum . mastercard repaid the entire principal amount of $ 80000 on june 30 .\nQuestion: what is the expected benefit payments in 2010?\nAnswer: 3139.0\nQuestion: what about in 2009?\nAnswer: 2641.0\nQuestion: what is the ratio of 2010 to 2009?\nAnswer: 1.18856\nQuestion: what percentage change does this represent?\nAnswer: 0.18856\nQuestion: what about the ratio for expected subsidy receipts in 2010 to 2009?\n" }, { "role": "agent", "content": "1.18182" } ]
CONVFINQA10418	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements gains and losses on financial assets and financial liabilities accounted for at fair value under the fair value option the table below presents the gains and losses recognized as a result of the firm electing to apply the fair value option to certain financial assets and financial liabilities . these gains and losses are included in 201cmarket making 201d and 201cother principal transactions . 201d the table below also includes gains and losses on the embedded derivative component of hybrid financial instruments included in unsecured short-term borrowings and unsecured long-term borrowings . these gains and losses would have been recognized under other u.s . gaap even if the firm had not elected to account for the entire hybrid instrument at fair value . the amounts in the table exclude contractual interest , which is included in 201cinterest income 201d and 201cinterest expense , 201d for all instruments other than hybrid financial instruments . see note 23 for further information about interest income and interest expense . gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december in millions 2012 2011 2010 receivables from customers and counterparties 1 $ 190 $ 97 $ ( 97 ) . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2012</td><td>gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2011</td><td>gains/ ( losses ) on financial assets and financial liabilities at fair value under the fair value option year ended december 2010</td></tr><tr><td>2</td><td>receivables from customers andcounterparties1</td><td>$ 190</td><td>$ 97</td><td>$ -97 ( 97 )</td></tr><tr><td>3</td><td>other secured financings</td><td>-190 ( 190 )</td><td>-63 ( 63 )</td><td>-227 ( 227 )</td></tr><tr><td>4</td><td>unsecured short-term borrowings2</td><td>-973 ( 973 )</td><td>2149</td><td>-1455 ( 1455 )</td></tr><tr><td>5</td><td>unsecured long-term borrowings3</td><td>-1523 ( 1523 )</td><td>2336</td><td>-1169 ( 1169 )</td></tr><tr><td>6</td><td>other liabilities and accrued expenses4</td><td>-1486 ( 1486 )</td><td>-911 ( 911 )</td><td>50</td></tr><tr><td>7</td><td>other5</td><td>-81 ( 81 )</td><td>90</td><td>-10 ( 10 )</td></tr><tr><td>8</td><td>total</td><td>$ -4063 ( 4063 )</td><td>$ 3698</td><td>$ -2908 ( 2908 )</td></tr></table> 1 . primarily consists of gains/ ( losses ) on certain reinsurance contracts and certain transfers accounted for as receivables rather than purchases . 2 . includes gains/ ( losses ) on the embedded derivative component of hybrid financial instruments of $ ( 814 ) million , $ 2.01 billion , and $ ( 1.49 ) billion as of december 2012 , december 2011 and december 2010 , respectively . 3 . includes gains/ ( losses ) on the embedded derivative component of hybrid financial instruments of $ ( 887 ) million , $ 1.80 billion and $ ( 1.32 ) billion as of december 2012 , december 2011 and december 2010 , respectively . 4 . primarily consists of gains/ ( losses ) on certain insurance contracts . 5 . primarily consists of gains/ ( losses ) on resale and repurchase agreements , securities borrowed and loaned and deposits . excluding the gains and losses on the instruments accounted for under the fair value option described above , 201cmarket making 201d and 201cother principal transactions 201d primarily represent gains and losses on 201cfinancial instruments owned , at fair value 201d and 201cfinancial instruments sold , but not yet purchased , at fair value . 201d 150 goldman sachs 2012 annual report .\nQuestion: what was the change in the total gains/ ( losses ) on financial assets and financial liabilities at fair value from 2017 to 2018?\nAnswer: -7761.0\nQuestion: and what was that change from 2016 to 2017?\n" }, { "role": "agent", "content": "6606.0" } ]
CONVFINQA6258	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmeasurement point december 31 the priceline group nasdaq composite index s&p 500 rdg internet composite . <table class='wikitable'><tr><td>1</td><td>measurement pointdecember 31</td><td>the priceline group inc .</td><td>nasdaqcomposite index</td><td>s&p 500index</td><td>rdg internetcomposite</td></tr><tr><td>2</td><td>2010</td><td>100.00</td><td>100.00</td><td>100.00</td><td>100.00</td></tr><tr><td>3</td><td>2011</td><td>117.06</td><td>100.53</td><td>102.11</td><td>102.11</td></tr><tr><td>4</td><td>2012</td><td>155.27</td><td>116.92</td><td>118.45</td><td>122.23</td></tr><tr><td>5</td><td>2013</td><td>290.93</td><td>166.19</td><td>156.82</td><td>199.42</td></tr><tr><td>6</td><td>2014</td><td>285.37</td><td>188.78</td><td>178.29</td><td>195.42</td></tr><tr><td>7</td><td>2015</td><td>319.10</td><td>199.95</td><td>180.75</td><td>267.25</td></tr></table> .\nQuestion: what is the 2015 value of priceline less 100?\n" }, { "role": "agent", "content": "219.1" } ]
CONVFINQA1736	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\njpmorgan chase & co./2017 annual report 53 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . this net interest income is referred to as non-markets related net interest income . cib 2019s markets businesses are fixed income markets and equity markets . management believes that disclosure of non-markets related net interest income provides investors and analysts with another measure by which to analyze the non-markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities . the data presented below are non-gaap financial measures due to the exclusion of markets related net interest income arising from cib . year ended december 31 , ( in millions , except rates ) 2017 2016 2015 net interest income 2013 managed basis ( a ) ( b ) $ 51410 $ 47292 $ 44620 less : cib markets net interest income ( c ) 4630 6334 5298 net interest income excluding cib markets ( a ) $ 46780 $ 40958 $ 39322 average interest-earning assets $ 2180592 $ 2101604 $ 2088242 less : average cib markets interest-earning assets ( c ) 540835 520307 510292 average interest-earning assets excluding cib markets $ 1639757 $ 1581297 $ 1577950 net interest yield on average interest-earning assets 2013 managed basis 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.86 1.22 1.04 net interest yield on average interest-earning assets excluding cib markets 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) ( a ) interest includes the effect of related hedges . taxable-equivalent amounts are used where applicable . ( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 52 . ( c ) the amounts in this table differ from the prior-period presentation to align with cib 2019s markets businesses . for further information on cib 2019s markets businesses , see page 65 . calculation of certain u.s . gaap and non-gaap financial measures certain u.s . gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity . <table class='wikitable'><tr><td>1</td><td>year ended december 31 ( in millions except rates )</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>net interest income 2013 managed basis ( a ) ( b )</td><td>$ 51410</td><td>$ 47292</td><td>$ 44620</td></tr><tr><td>3</td><td>less : cib markets net interest income ( c )</td><td>4630</td><td>6334</td><td>5298</td></tr><tr><td>4</td><td>net interest income excluding cib markets ( a )</td><td>$ 46780</td><td>$ 40958</td><td>$ 39322</td></tr><tr><td>5</td><td>average interest-earning assets</td><td>$ 2180592</td><td>$ 2101604</td><td>$ 2088242</td></tr><tr><td>6</td><td>less : average cib markets interest-earning assets ( c )</td><td>540835</td><td>520307</td><td>510292</td></tr><tr><td>7</td><td>average interest-earning assets excluding cib markets</td><td>$ 1639757</td><td>$ 1581297</td><td>$ 1577950</td></tr><tr><td>8</td><td>net interest yield on average interest-earning assets 2013 managed basis</td><td>2.36% ( 2.36 % )</td><td>2.25% ( 2.25 % )</td><td>2.14% ( 2.14 % )</td></tr><tr><td>9</td><td>net interest yield on average cib markets interest-earning assets ( c )</td><td>0.86</td><td>1.22</td><td>1.04</td></tr><tr><td>10</td><td>net interest yield on average interest-earning assets excluding cib markets</td><td>2.85% ( 2.85 % )</td><td>2.59% ( 2.59 % )</td><td>2.49% ( 2.49 % )</td></tr></table> jpmorgan chase & co./2017 annual report 53 net interest income excluding cib 2019s markets businesses in addition to reviewing net interest income on a managed basis , management also reviews net interest income excluding net interest income arising from cib 2019s markets businesses to assess the performance of the firm 2019s lending , investing ( including asset-liability management ) and deposit-raising activities . this net interest income is referred to as non-markets related net interest income . cib 2019s markets businesses are fixed income markets and equity markets . management believes that disclosure of non-markets related net interest income provides investors and analysts with another measure by which to analyze the non-markets-related business trends of the firm and provides a comparable measure to other financial institutions that are primarily focused on lending , investing and deposit-raising activities . the data presented below are non-gaap financial measures due to the exclusion of markets related net interest income arising from cib . year ended december 31 , ( in millions , except rates ) 2017 2016 2015 net interest income 2013 managed basis ( a ) ( b ) $ 51410 $ 47292 $ 44620 less : cib markets net interest income ( c ) 4630 6334 5298 net interest income excluding cib markets ( a ) $ 46780 $ 40958 $ 39322 average interest-earning assets $ 2180592 $ 2101604 $ 2088242 less : average cib markets interest-earning assets ( c ) 540835 520307 510292 average interest-earning assets excluding cib markets $ 1639757 $ 1581297 $ 1577950 net interest yield on average interest-earning assets 2013 managed basis 2.36% ( 2.36 % ) 2.25% ( 2.25 % ) 2.14% ( 2.14 % ) net interest yield on average cib markets interest-earning assets ( c ) 0.86 1.22 1.04 net interest yield on average interest-earning assets excluding cib markets 2.85% ( 2.85 % ) 2.59% ( 2.59 % ) 2.49% ( 2.49 % ) ( a ) interest includes the effect of related hedges . taxable-equivalent amounts are used where applicable . ( b ) for a reconciliation of net interest income on a reported and managed basis , see reconciliation from the firm 2019s reported u.s . gaap results to managed basis on page 52 . ( c ) the amounts in this table differ from the prior-period presentation to align with cib 2019s markets businesses . for further information on cib 2019s markets businesses , see page 65 . calculation of certain u.s . gaap and non-gaap financial measures certain u.s . gaap and non-gaap financial measures are calculated as follows : book value per share ( 201cbvps 201d ) common stockholders 2019 equity at period-end / common shares at period-end overhead ratio total noninterest expense / total net revenue return on assets ( 201croa 201d ) reported net income / total average assets return on common equity ( 201croe 201d ) net income* / average common stockholders 2019 equity return on tangible common equity ( 201crotce 201d ) net income* / average tangible common equity tangible book value per share ( 201ctbvps 201d ) tangible common equity at period-end / common shares at period-end * represents net income applicable to common equity .\nQuestion: what was the net change in average interest-earning assets excluding cib markets in 2017?\nAnswer: 58460.0\nQuestion: what was the 2016 value?\n" }, { "role": "agent", "content": "1581297.0" } ]
CONVFINQA3637	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe graph below matches cadence design systems , inc . 2019s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index , the s&p information technology index , and the nasdaq composite index . the graph assumes that the value of the investment in our common stock , and in each index ( including reinvestment of dividends ) was $ 100 on december 28 , 2002 and tracks it through december 29 , 2007 . comparison of 5 year cumulative total return* among cadence design systems , inc. , the s&p 500 index , the nasdaq composite index and the s&p information technology index 12/29/0712/30/0612/31/051/1/051/3/0412/28/02 cadence design systems , inc . nasdaq composite s & p information technology s & p 500 * $ 100 invested on 12/28/02 in stock or on 12/31/02 in index-including reinvestment of dividends . indexes calculated on month-end basis . copyright b7 2007 , standard & poor 2019s , a division of the mcgraw-hill companies , inc . all rights reserved . www.researchdatagroup.com/s&p.htm . <table class='wikitable'><tr><td>1</td><td>-</td><td>12/28/02</td><td>1/3/04</td><td>1/1/05</td><td>12/31/05</td><td>12/30/06</td><td>12/29/07</td></tr><tr><td>2</td><td>cadence design systems inc .</td><td>100.00</td><td>149.92</td><td>113.38</td><td>138.92</td><td>147.04</td><td>139.82</td></tr><tr><td>3</td><td>s & p 500</td><td>100.00</td><td>128.68</td><td>142.69</td><td>149.70</td><td>173.34</td><td>182.87</td></tr><tr><td>4</td><td>nasdaq composite</td><td>100.00</td><td>149.75</td><td>164.64</td><td>168.60</td><td>187.83</td><td>205.22</td></tr><tr><td>5</td><td>s & p information technology</td><td>100.00</td><td>147.23</td><td>150.99</td><td>152.49</td><td>165.32</td><td>192.28</td></tr></table> the stock price performance included in this graph is not necessarily indicative of future stock price performance .\nQuestion: what was the change in value of the s&p500 from 2006 to 2007?\n" }, { "role": "agent", "content": "9.53" } ]
CONVFINQA10253	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nalthough many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>asset allocation</td><td>$ 126067</td><td>$ 1575</td><td>$ 78</td><td>$ 12440</td><td>$ 140160</td></tr><tr><td>3</td><td>target date/risk</td><td>49063</td><td>14526</td><td>2014</td><td>6295</td><td>69884</td></tr><tr><td>4</td><td>fiduciary</td><td>50040</td><td>-284 ( 284 )</td><td>2014</td><td>7948</td><td>57704</td></tr><tr><td>5</td><td>multi-asset</td><td>$ 225170</td><td>$ 15817</td><td>$ 78</td><td>$ 26683</td><td>$ 267748</td></tr></table> multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .\nQuestion: what was the multi-asset value in 2012?\n" }, { "role": "agent", "content": "267748.0" } ]
CONVFINQA773	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nitem 7 . management 2019s discussion and analysis of financial condition and results of operations we are an international energy company with operations in the u.s. , canada , africa , the middle east and europe . our operations are organized into three reportable segments : 2022 e&p which explores for , produces and markets liquid hydrocarbons and natural gas on a worldwide basis . 2022 osm which mines , extracts and transports bitumen from oil sands deposits in alberta , canada , and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil . 2022 ig which produces and markets products manufactured from natural gas , such as lng and methanol , in e.g . certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward- looking statements concerning trends or events potentially affecting our business . these statements typically contain words such as \"anticipates\" \"believes\" \"estimates\" \"expects\" \"targets\" \"plans\" \"projects\" \"could\" \"may\" \"should\" \"would\" or similar words indicating that future outcomes are uncertain . in accordance with \"safe harbor\" provisions of the private securities litigation reform act of 1995 , these statements are accompanied by cautionary language identifying important factors , though not necessarily all such factors , which could cause future outcomes to differ materially from those set forth in forward-looking statements . for additional risk factors affecting our business , see item 1a . risk factors in this annual report on form 10-k . management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1 . business , item 1a . risk factors and item 8 . financial statements and supplementary data found in this annual report on form 10-k . spin-off downstream business on june 30 , 2011 , the spin-off of marathon 2019s downstream business was completed , creating two independent energy companies : marathon oil and mpc . marathon stockholders at the close of business on the record date of june 27 , 2011 received one share of mpc common stock for every two shares of marathon common stock held . a private letter tax ruling received in june 2011 from the irs affirmed the tax-free nature of the spin-off . activities related to the downstream business have been treated as discontinued operations in 2011 and 2010 ( see item 8 . financial statements and supplementary data 2013 note 3 to the consolidated financial statements for additional information ) . overview 2013 market conditions exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows . the following table lists benchmark crude oil and natural gas price annual averages for the past three years. . <table class='wikitable'><tr><td>1</td><td>benchmark</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>wti crude oil ( dollars per bbl )</td><td>$ 94.15</td><td>$ 95.11</td><td>$ 79.61</td></tr><tr><td>3</td><td>brent ( europe ) crude oil ( dollars per bbl )</td><td>$ 111.65</td><td>$ 111.26</td><td>$ 79.51</td></tr><tr><td>4</td><td>henry hub natural gas ( dollars per mmbtu ) ( a )</td><td>$ 2.79</td><td>$ 4.04</td><td>$ 4.39</td></tr></table> henry hub natural gas ( dollars per mmbtu ) ( a ) $ 2.79 $ 4.04 $ 4.39 ( a ) settlement date average . liquid hydrocarbon 2013 prices of crude oil have been volatile in recent years , but less so when comparing annual averages for 2012 and 2011 . in 2011 , crude prices increased over 2010 levels , with increases in brent averages outstripping those in wti . the quality , location and composition of our liquid hydrocarbon production mix will cause our u.s . liquid hydrocarbon realizations to differ from the wti benchmark . in 2012 , 2011 and 2010 , the percentage of our u.s . crude oil and condensate production that was sour averaged 37 percent , 58 percent and 68 percent . sour crude contains more sulfur and tends to be heavier than light sweet crude oil so that refining it is more costly and produces lower value products ; therefore , sour crude is considered of lower quality and typically sells at a discount to wti . the percentage of our u.s . crude and condensate production that is sour has been decreasing as onshore production from the eagle ford and bakken shale plays increases and production from the gulf of mexico declines . in recent years , crude oil sold along the u.s . gulf coast has been priced at a premium to wti because the louisiana light sweet benchmark has been tracking brent , while production from inland areas farther from large refineries has been at a discount to wti . ngls were 10 percent , 7 percent and 6 percent of our u.s . liquid hydrocarbon sales in 2012 , 2011 and 2010 . in 2012 , our sales of ngls increased due to our development of u.s . unconventional liquids-rich plays. .\nQuestion: what was the brent crude oil price in 2012?\n" }, { "role": "agent", "content": "111.65" } ]
CONVFINQA4146	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nnotes to consolidated financial statements 2014 ( continued ) ( amounts in millions , except per share amounts ) sales of businesses and investments 2013 primarily includes realized gains and losses relating to the sales of businesses , cumulative translation adjustment balances from the liquidation of entities and sales of marketable securities and investments in publicly traded and privately held companies in our rabbi trusts . during 2009 , we realized a gain of $ 15.2 related to the sale of an investment in our rabbi trusts , which was partially offset by losses realized from the sale of various businesses . losses in 2007 primarily related to the sale of several businesses within draftfcb for a loss of $ 9.3 and charges at lowe of $ 7.8 as a result of the realization of cumulative translation adjustment balances from the liquidation of several businesses . vendor discounts and credit adjustments 2013 we are in the process of settling our liabilities related to vendor discounts and credits established during the restatement we presented in our 2004 annual report on form 10-k . these adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed . litigation settlement 2013 during may 2008 , the sec concluded its investigation that began in 2002 into our financial reporting practices , resulting in a settlement charge of $ 12.0 . investment impairments 2013 in 2007 we realized an other-than-temporary charge of $ 5.8 relating to a $ 12.5 investment in auction rate securities , representing our total investment in auction rate securities . see note 12 for further information . note 5 : intangible assets goodwill goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values . the changes in the carrying value of goodwill for our segments , integrated agency networks ( 201cian 201d ) and constituency management group ( 201ccmg 201d ) , for the years ended december 31 , 2009 and 2008 are listed below. . <table class='wikitable'><tr><td>1</td><td>-</td><td>ian</td><td>cmg</td><td>total 1</td></tr><tr><td>2</td><td>balance as of december 31 2007</td><td>$ 2789.7</td><td>$ 441.9</td><td>$ 3231.6</td></tr><tr><td>3</td><td>current year acquisitions</td><td>99.5</td><td>1.8</td><td>101.3</td></tr><tr><td>4</td><td>contingent and deferred payments for prior acquisitions</td><td>28.9</td><td>1.1</td><td>30.0</td></tr><tr><td>5</td><td>other ( primarily foreign currency translation )</td><td>-128.1 ( 128.1 )</td><td>-13.9 ( 13.9 )</td><td>-142.0 ( 142.0 )</td></tr><tr><td>6</td><td>balance as of december 31 2008</td><td>$ 2790.0</td><td>$ 430.9</td><td>$ 3220.9</td></tr><tr><td>7</td><td>current year acquisitions2</td><td>5.2</td><td>2014</td><td>5.2</td></tr><tr><td>8</td><td>contingent and deferred payments for prior acquisitions</td><td>14.2</td><td>2014</td><td>14.2</td></tr><tr><td>9</td><td>other ( primarily foreign currency translation )</td><td>76.2</td><td>4.5</td><td>80.7</td></tr><tr><td>10</td><td>balance as of december 31 2009</td><td>$ 2885.6</td><td>$ 435.4</td><td>$ 3321.0</td></tr></table> 1 for all periods presented we have not recorded a goodwill impairment charge . 2 for acquisitions completed after january 1 , 2009 , amount includes contingent and deferred payments , which are recorded at fair value on the acquisition date . see note 6 for further information . see note 1 for further information regarding our annual impairment methodology . other intangible assets included in other intangible assets are assets with indefinite lives not subject to amortization and assets with definite lives subject to amortization . other intangible assets primarily include customer lists and trade names . intangible assets with definitive lives subject to amortization are amortized on a straight-line basis with estimated useful lives generally between 7 and 15 years . amortization expense for other intangible assets for the years ended december 31 , 2009 , 2008 and 2007 was $ 19.3 , $ 14.4 and $ 8.5 , respectively . the following table provides a summary of other intangible assets , which are included in other assets on our consolidated balance sheets. .\nQuestion: what was the net value change in the cmg balance?\nAnswer: 6.5\nQuestion: what was the cmg balance at the end of 2007?\nAnswer: 441.9\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.01471" } ]
CONVFINQA5197	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n52 2013 ppg annual report and form 10-k repatriation of undistributed earnings of non-u.s . subsidiaries as of december 31 , 2013 and december 31 , 2012 would have resulted in a u.s . tax cost of approximately $ 250 million and $ 110 million , respectively . the company files federal , state and local income tax returns in numerous domestic and foreign jurisdictions . in most tax jurisdictions , returns are subject to examination by the relevant tax authorities for a number of years after the returns have been filed . the company is no longer subject to examinations by tax authorities in any major tax jurisdiction for years before 2006 . additionally , the internal revenue service has completed its examination of the company 2019s u.s . federal income tax returns filed for years through 2010 . the examination of the company 2019s u.s . federal income tax return for 2011 is currently underway and is expected to be finalized during 2014 . a reconciliation of the total amounts of unrecognized tax benefits ( excluding interest and penalties ) as of december 31 follows: . <table class='wikitable'><tr><td>1</td><td>( millions )</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>balance at january 1</td><td>$ 82</td><td>$ 107</td><td>$ 111</td></tr><tr><td>3</td><td>additions based on tax positions related to the current year</td><td>12</td><td>12</td><td>15</td></tr><tr><td>4</td><td>additions for tax positions of prior years</td><td>9</td><td>2</td><td>17</td></tr><tr><td>5</td><td>reductions for tax positions of prior years</td><td>-10 ( 10 )</td><td>-12 ( 12 )</td><td>-19 ( 19 )</td></tr><tr><td>6</td><td>pre-acquisition unrecognized tax benefits</td><td>2014</td><td>2</td><td>2014</td></tr><tr><td>7</td><td>reductions for expiration of the applicable statute of limitations</td><td>-10 ( 10 )</td><td>-6 ( 6 )</td><td>-7 ( 7 )</td></tr><tr><td>8</td><td>settlements</td><td>2014</td><td>-23 ( 23 )</td><td>-8 ( 8 )</td></tr><tr><td>9</td><td>foreign currency translation</td><td>2</td><td>2014</td><td>-2 ( 2 )</td></tr><tr><td>10</td><td>balance at december 31</td><td>$ 85</td><td>$ 82</td><td>$ 107</td></tr></table> the company expects that any reasonably possible change in the amount of unrecognized tax benefits in the next 12 months would not be significant . the total amount of unrecognized tax benefits that , if recognized , would affect the effective tax rate was $ 81 million as of december 31 , 2013 . the company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense . as of december 31 , 2013 , 2012 and 2011 , the company had liabilities for estimated interest and penalties on unrecognized tax benefits of $ 9 million , $ 10 million and $ 15 million , respectively . the company recognized $ 2 million and $ 5 million of income in 2013 and 2012 , respectively , related to the reduction of estimated interest and penalties . the company recognized no income or expense for estimated interest and penalties during the year ended december 31 , 2011 . 13 . pensions and other postretirement benefits defined benefit plans ppg has defined benefit pension plans that cover certain employees worldwide . the principal defined benefit pension plans are those in the u.s. , canada , the netherlands and the u.k . which , in the aggregate represent approximately 91% ( 91 % ) of the projected benefit obligation at december 31 , 2013 , of which the u.s . defined benefit pension plans represent the majority . ppg also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain u.s . and canadian employees and their dependents . these programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between ppg and participants based on management discretion . the company has the right to modify or terminate certain of these benefit plans in the future . salaried and certain hourly employees in the u.s . hired on or after october 1 , 2004 , or rehired on or after october 1 , 2012 are not eligible for postretirement medical benefits . salaried employees in the u.s . hired , rehired or transferred to salaried status on or after january 1 , 2006 , and certain u.s . hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan . these employees are not eligible for defined benefit pension plan benefits . plan design changes in january 2011 , the company approved an amendment to one of its u.s . defined benefit pension plans that represented about 77% ( 77 % ) of the total u.s . projected benefit obligation at december 31 , 2011 . depending upon the affected employee's combined age and years of service to ppg , this change resulted in certain employees no longer accruing benefits under this plan as of december 31 , 2011 , while the remaining employees will no longer accrue benefits under this plan as of december 31 , 2020 . the affected employees will participate in the company 2019s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen . the company remeasured the projected benefit obligation of this amended plan , which lowered 2011 pension expense by approximately $ 12 million . the company made similar changes to certain other u.s . defined benefit pension plans in 2011 . the company recognized a curtailment loss and special termination benefits associated with these plan amendments of $ 5 million in 2011 . the company plans to continue reviewing and potentially changing other ppg defined benefit plans in the future . separation and merger of commodity chemicals business on january 28 , 2013 , ppg completed the separation of its commodity chemicals business and the merger of the subsidiary holding the ppg commodity chemicals business with a subsidiary of georgia gulf , as discussed in note 22 , 201cseparation and merger transaction . 201d ppg transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the u.s. , canada , and taiwan in the separation resulting in a net partial settlement loss of $ 33 million notes to the consolidated financial statements .\nQuestion: what was the increase in the balance of unrecognized tax benefits from 2012 to 2013?\n" }, { "role": "agent", "content": "0.76636" } ]
CONVFINQA3382	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe pnc financial services group , inc . 2013 form 10-k 29 part ii item 5 2013 market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities ( a ) ( 1 ) our common stock is listed on the new york stock exchange and is traded under the symbol 201cpnc . 201d at the close of business on february 15 , 2019 , there were 53986 common shareholders of record . holders of pnc common stock are entitled to receive dividends when declared by our board of directors out of funds legally available for this purpose . our board of directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment . the board of directors presently intends to continue the policy of paying quarterly cash dividends . the amount of any future dividends will depend on economic and market conditions , our financial condition and operating results , and other factors , including contractual restrictions and applicable government regulations and policies ( such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations ) . the amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve and our primary bank regulators as part of the comprehensive capital analysis and review ( ccar ) process as described in the supervision and regulation section in item 1 of this report . the federal reserve has the power to prohibit us from paying dividends without its approval . for further information concerning dividend restrictions and other factors that could limit our ability to pay dividends , as well as restrictions on loans , dividends or advances from bank subsidiaries to the parent company , see the supervision and regulation section in item 1 , item 1a risk factors , the liquidity and capital management portion of the risk management section in item 7 , and note 10 borrowed funds , note 15 equity and note 18 regulatory matters in the notes to consolidated financial statements in item 8 of this report , which we include here by reference . we include here by reference the information regarding our compensation plans under which pnc equity securities are authorized for issuance as of december 31 , 2018 in the table ( with introductory paragraph and notes ) in item 12 of this report . our stock transfer agent and registrar is : computershare trust company , n.a . 250 royall street canton , ma 02021 800-982-7652 www.computershare.com/pnc registered shareholders may contact computershare regarding dividends and other shareholder services . we include here by reference the information that appears under the common stock performance graph caption at the end of this item 5 . ( a ) ( 2 ) none . ( b ) not applicable . ( c ) details of our repurchases of pnc common stock during the fourth quarter of 2018 are included in the following table : in thousands , except per share data 2018 period total shares purchased ( a ) average price paid per share total shares purchased as part of publicly announced programs ( b ) maximum number of shares that may yet be purchased under the programs ( b ) . <table class='wikitable'><tr><td>1</td><td>2018 period</td><td>total shares purchased ( a )</td><td>average price paid per share</td><td>total shares purchased as part of publicly announced programs ( b )</td><td>maximum number of shares that may yet be purchased under the programs ( b )</td></tr><tr><td>2</td><td>october 1 2013 31</td><td>1204</td><td>$ 128.43</td><td>1189</td><td>25663</td></tr><tr><td>3</td><td>november 1 2013 30</td><td>1491</td><td>$ 133.79</td><td>1491</td><td>24172</td></tr><tr><td>4</td><td>december 1 2013 31</td><td>3458</td><td>$ 119.43</td><td>3458</td><td>20714</td></tr><tr><td>5</td><td>total</td><td>6153</td><td>$ 124.67</td><td>-</td><td>-</td></tr></table> ( a ) includes pnc common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements . note 11 employee benefit plans and note 12 stock based compensation plans in the notes to consolidated financial statements in item 8 of this report include additional information regarding our employee benefit and equity compensation plans that use pnc common stock . ( b ) on march 11 , 2015 , we announced that our board of directors approved a stock repurchase program authorization in the amount of 100 million shares of pnc common stock , effective april 1 , 2015 . repurchases are made in open market or privately negotiated transactions and the timing and exact amount of common stock repurchases will depend on a number of factors including , among others , market and general economic conditions , regulatory capital considerations , alternative uses of capital , the potential impact on our credit ratings , and contractual and regulatory limitations , including the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the federal reserve as part of the ccar process . in june 2018 , we announced share repurchase programs of up to $ 2.0 billion for the four quarter period beginning with the third quarter of 2018 , including repurchases of up to $ 300 million related to stock issuances under employee benefit plans , in accordance with pnc's 2018 capital plan . in november 2018 , we announced an increase to these previously announced programs in the amount of up to $ 900 million in additional common share repurchases . the aggregate repurchase price of shares repurchased during the fourth quarter of 2018 was $ .8 billion . see the liquidity and capital management portion of the risk management section in item 7 of this report for more information on the authorized share repurchase programs for the period july 1 , 2018 through june 30 , 2019 . http://www.computershare.com/pnc .\nQuestion: what is the number of shares purchased during october 2018?\nAnswer: 1204.0\nQuestion: at what average price?\n" }, { "role": "agent", "content": "128.43" } ]
CONVFINQA626	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nu.s . equity securities and international equity securities categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year . for u.s . equity securities and international equity securities not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager . these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager . commingled equity funds categorized as level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year . for commingled equity funds not traded on an active exchange , or if the closing price is not available , the trustee obtains indicative quotes from a pricing vendor , broker or investment manager . these securities are categorized as level 2 if the custodian obtains corroborated quotes from a pricing vendor . fixed income investments categorized as level 2 are valued by the trustee using pricing models that use verifiable observable market data ( e.g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads ) , bids provided by brokers or dealers or quoted prices of securities with similar characteristics . fixed income investments are categorized at level 3 when valuations using observable inputs are unavailable . the trustee obtains pricing based on indicative quotes or bid evaluations from vendors , brokers or the investment manager . commodities are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the certain commingled equity funds , consisting of equity mutual funds , are valued using the nav.aa thenavaa valuations are based on the underlying investments and typically redeemable within 90 days . private equity funds consist of partnership and co-investment funds . the navaa is based on valuation models of the underlying securities , which includes unobservable inputs that cannot be corroborated using verifiable observable market data . these funds typically have redemption periods between eight and 12 years . real estate funds consist of partnerships , most of which are closed-end funds , for which the navaa is based on valuationmodels and periodic appraisals . these funds typically have redemption periods between eight and 10 years . hedge funds consist of direct hedge funds forwhich thenavaa is generally based on the valuation of the underlying investments . redemptions in hedge funds are based on the specific terms of each fund , and generally range from a minimum of one month to several months . contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . there were no material contributions to our qualified defined benefit pension plans during 2017 . we will make contributions of $ 5.0 billion to our qualified defined benefit pension plans in 2018 , including required and discretionary contributions.as a result of these contributions , we do not expect any material qualified defined benefit cash funding will be required until 2021.we plan to fund these contributions using a mix of cash on hand and commercial paper . while we do not anticipate a need to do so , our capital structure and resources would allow us to issue new debt if circumstances change . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2017 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2018</td><td>2019</td><td>2020</td><td>2021</td><td>2022</td><td>2023 2013 2027</td></tr><tr><td>2</td><td>qualified defined benefit pension plans</td><td>$ 2450</td><td>$ 2480</td><td>$ 2560</td><td>$ 2630</td><td>$ 2700</td><td>$ 14200</td></tr><tr><td>3</td><td>retiree medical and life insurance plans</td><td>180</td><td>180</td><td>180</td><td>180</td><td>180</td><td>820</td></tr></table> defined contribution plans wemaintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , wematchmost employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 613 million in 2017 , $ 617 million in 2016 and $ 393 million in 2015 , the majority of which were funded using our common stock . our defined contribution plans held approximately 35.5 million and 36.9 million shares of our common stock as of december 31 , 2017 and 2016. .\nQuestion: what is the difference in employee total matching contributions in 2016?\nAnswer: 617.0\nQuestion: what about in 2015?\nAnswer: 393.0\nQuestion: what is the difference?\nAnswer: 224.0\nQuestion: what percentage change does this represent?\n" }, { "role": "agent", "content": "0.56997" } ]
CONVFINQA7209	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nbhge 2017 form 10-k \| 27 the short term . we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand . 2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential . in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 . the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized . we continue to see growing demand across these markets in 2018 . we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business . overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers . we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term . in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 . governments may change or may not continue incentives for renewable energy additions . in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future . despite the near-term volatility , the long-term outlook for our industry remains strong . we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies . as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers . business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company . amounts reported in millions in graphs within this report are computed based on the amounts in hundreds . as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding . we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources . our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production . this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows . oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>brent oil prices ( $ /bbl ) ( 1 )</td><td>$ 54.12</td><td>$ 43.64</td><td>$ 52.32</td></tr><tr><td>3</td><td>wti oil prices ( $ /bbl ) ( 2 )</td><td>50.80</td><td>43.29</td><td>48.66</td></tr><tr><td>4</td><td>natural gas prices ( $ /mmbtu ) ( 3 )</td><td>2.99</td><td>2.52</td><td>2.62</td></tr></table> brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .\nQuestion: what was the net change in the wti oil price from 2016 to 2017?\nAnswer: 7.51\nQuestion: what is the net change divided by the 2016 value?\n" }, { "role": "agent", "content": "0.17348" } ]
CONVFINQA4162	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nthe city council 2019s advisors and entergy new orleans . in february 2018 the city council approved the settlement , which deferred cost recovery to the 2018 entergy new orleans rate case , but also stated that an adjustment for 2018-2019 ami costs can be filed in the rate case and that , for all subsequent ami costs , the mechanism to be approved in the 2018 rate case will allow for the timely recovery of such costs . sources of capital entergy new orleans 2019s sources to meet its capital requirements include : 2022 internally generated funds ; 2022 cash on hand ; 2022 debt and preferred membership interest issuances ; and 2022 bank financing under new or existing facilities . entergy new orleans may refinance , redeem , or otherwise retire debt prior to maturity , to the extent market conditions and interest rates are favorable . entergy new orleans 2019s receivables from the money pool were as follows as of december 31 for each of the following years. . <table class='wikitable'><tr><td>1</td><td>2017</td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td>2</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td><td>( in thousands )</td></tr><tr><td>3</td><td>$ 12723</td><td>$ 14215</td><td>$ 15794</td><td>$ 442</td></tr></table> see note 4 to the financial statements for a description of the money pool . entergy new orleans has a credit facility in the amount of $ 25 million scheduled to expire in november 2018 . the credit facility allows entergy new orleans to issue letters of credit against $ 10 million of the borrowing capacity of the facility . as of december 31 , 2017 , there were no cash borrowings and a $ 0.8 million letter of credit was outstanding under the facility . in addition , entergy new orleans is a party to an uncommitted letter of credit facility as a means to post collateral to support its obligations to miso . a0 as of december 31 , 2017 , a $ 1.4 million letter of credit was outstanding under entergy new orleans 2019s letter of credit a0facility . see note 4 to the financial statements for additional discussion of the credit facilities . entergy new orleans obtained authorization from the ferc through october 2019 for short-term borrowings not to exceed an aggregate amount of $ 150 million at any time outstanding and long-term borrowings and securities issuances . see note 4 to the financial statements for further discussion of entergy new orleans 2019s short-term borrowing limits . the long-term securities issuances of entergy new orleans are limited to amounts authorized not only by the ferc , but also by the city council , and the current city council authorization extends through june 2018 . entergy new orleans , llc and subsidiaries management 2019s financial discussion and analysis state and local rate regulation the rates that entergy new orleans charges for electricity and natural gas significantly influence its financial position , results of operations , and liquidity . entergy new orleans is regulated and the rates charged to its customers are determined in regulatory proceedings . a governmental agency , the city council , is primarily responsible for approval of the rates charged to customers . retail rates see 201calgiers asset transfer 201d below for discussion of the algiers asset transfer . as a provision of the settlement agreement approved by the city council in may 2015 providing for the algiers asset transfer , it was agreed that , with limited exceptions , no action may be taken with respect to entergy new orleans 2019s base rates until rates are implemented .\nQuestion: what was the 2017 value of receivables from the money pool?\n" }, { "role": "agent", "content": "12723.0" } ]
CONVFINQA5841	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy texas , inc . and subsidiaries management 2019s financial discussion and analysis results of operations net income 2017 compared to 2016 net income decreased $ 31.4 million primarily due to lower net revenue , higher depreciation and amortization expenses , higher other operation and maintenance expenses , and higher taxes other than income taxes . 2016 compared to 2015 net income increased $ 37.9 million primarily due to lower other operation and maintenance expenses , the asset write-off of its receivable associated with the spindletop gas storage facility in 2015 , and higher net revenue . net revenue 2017 compared to 2016 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2017 to 2016 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2016 net revenue</td><td>$ 644.2</td></tr><tr><td>3</td><td>net wholesale revenue</td><td>-35.1 ( 35.1 )</td></tr><tr><td>4</td><td>purchased power capacity</td><td>-5.9 ( 5.9 )</td></tr><tr><td>5</td><td>transmission revenue</td><td>-5.4 ( 5.4 )</td></tr><tr><td>6</td><td>reserve equalization</td><td>5.6</td></tr><tr><td>7</td><td>retail electric price</td><td>19.0</td></tr><tr><td>8</td><td>other</td><td>4.4</td></tr><tr><td>9</td><td>2017 net revenue</td><td>$ 626.8</td></tr></table> the net wholesale revenue variance is primarily due to lower net capacity revenues resulting from the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016 . the purchased power capacity variance is primarily due to increased expenses due to capacity cost changes for ongoing purchased power capacity contracts . the transmission revenue variance is primarily due to a decrease in the amount of transmission revenues allocated by miso . the reserve equalization variance is due to the absence of reserve equalization expenses in 2017 as a result of entergy texas 2019s exit from the system agreement in august 2016 . see note 2 to the financial statements for a discussion of the system agreement. .\nQuestion: what was the net revenue in 2017 without the net wholesale revenue?\nAnswer: 661.9\nQuestion: and what percentage does the amount of this net wholesale revenue represent in relation to this value?\nAnswer: 0.05303\nQuestion: and in the previous year, how much did the net revenue represent in relation to the increase in the net income?\n" }, { "role": "agent", "content": "16.99736" } ]
CONVFINQA3807	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n( 2 ) in 2013 , our principal u.k subsidiary agreed with the trustees of one of the u.k . plans to contribute an average of $ 11 million per year to that pension plan for the next three years . the trustees of the plan have certain rights to request that our u.k . subsidiary advance an amount equal to an actuarially determined winding-up deficit . as of december 31 , 2015 , the estimated winding-up deficit was a3240 million ( $ 360 million at december 31 , 2015 exchange rates ) . the trustees of the plan have accepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up deficit be paid . ( 3 ) purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally binding on us , and that specifies all significant terms , including what is to be purchased , at what price and the approximate timing of the transaction . most of our purchase obligations are related to purchases of information technology services or other service contracts . ( 4 ) excludes $ 12 million of unfunded commitments related to an investment in a limited partnership due to our inability to reasonably estimate the period ( s ) when the limited partnership will request funding . ( 5 ) excludes $ 218 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period ( s ) when potential cash settlements will be made . financial condition at december 31 , 2015 , our net assets were $ 6.2 billion , representing total assets minus total liabilities , a decrease from $ 6.6 billion at december 31 , 2014 . the decrease was due primarily to share repurchases of $ 1.6 billion , dividends of $ 323 million , and an increase in accumulated other comprehensive loss of $ 289 million related primarily to an increase in the post- retirement benefit obligation , partially offset by net income of $ 1.4 billion for the year ended december 31 , 2015 . working capital increased by $ 77 million from $ 809 million at december 31 , 2014 to $ 886 million at december 31 , 2015 . accumulated other comprehensive loss increased $ 289 million at december 31 , 2015 as compared to december 31 , 2014 , which was primarily driven by the following : 2022 negative net foreign currency translation adjustments of $ 436 million , which are attributable to the strengthening of the u.s . dollar against certain foreign currencies , 2022 a decrease of $ 155 million in net post-retirement benefit obligations , and 2022 net financial instrument losses of $ 8 million . review by segment general we serve clients through the following segments : 2022 risk solutions acts as an advisor and insurance and reinsurance broker , helping clients manage their risks , via consultation , as well as negotiation and placement of insurance risk with insurance carriers through our global distribution network . 2022 hr solutions partners with organizations to solve their most complex benefits , talent and related financial challenges , and improve business performance by designing , implementing , communicating and administering a wide range of human capital , retirement , investment management , health care , compensation and talent management strategies . risk solutions . <table class='wikitable'><tr><td>1</td><td>years ended december 31 ( millions except percentage data )</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>revenue</td><td>$ 7426</td><td>$ 7834</td><td>$ 7789</td></tr><tr><td>3</td><td>operating income</td><td>1506</td><td>1648</td><td>1540</td></tr><tr><td>4</td><td>operating margin</td><td>20.3% ( 20.3 % )</td><td>21.0% ( 21.0 % )</td><td>19.8% ( 19.8 % )</td></tr></table> the demand for property and casualty insurance generally rises as the overall level of economic activity increases and generally falls as such activity decreases , affecting both the commissions and fees generated by our brokerage business . the economic activity that impacts property and casualty insurance is described as exposure units , and is most closely correlated .\nQuestion: what was the total working capital for the years of 2014 and 2015?\nAnswer: 1695.0\nQuestion: and what is the average between those years?\nAnswer: 847.5\nQuestion: in that same year of 2015, what was the total of the revenue?\n" }, { "role": "agent", "content": "7426.0" } ]
CONVFINQA5866	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ntheme parks segment 2013 operating costs and expenses our theme parks segment operating costs and expenses consist primarily of theme park operations , includ- ing repairs and maintenance and related administrative expenses ; food , beverage and merchandise costs ; labor costs ; and sales and marketing costs . theme parks segment operating costs and expenses increased in 2015 and 2014 primarily due to additional costs at our orlando and hollywood theme parks associated with newer attractions , such as the fast fur- ious 2122 2014 supercharged 2122 studio tour in hollywood in 2015 and the wizarding world of harry potter 2122 2014 diagon alley 2122 in orlando in 2014 and increases in food , beverage and merchandise costs associated with the increases in attendance in both years . operating costs and expenses also increased in 2015 due to $ 89 million of operating costs and expenses attributable to universal studios japan and $ 22 million of transaction costs related to our development of a theme park in china . nbcuniversal headquarters , other and eliminations headquarters and other operating costs and expenses incurred by our nbcuniversal businesses include overhead , personnel costs and costs associated with corporate initiatives . operating costs and expenses increased in 2015 and 2014 primarily due to higher employee-related costs , including severance costs in corporate and other results of operations year ended december 31 ( in millions ) 2015 2014 2013 % ( % ) change 2014 to 2015 % ( % ) change 2013 to 2014 . <table class='wikitable'><tr><td>1</td><td>year ended december 31 ( in millions )</td><td>2015</td><td>2014</td><td>2013</td><td>% ( % ) change 2014 to 2015</td><td>% ( % ) change 2013 to 2014</td></tr><tr><td>2</td><td>revenue</td><td>$ 766</td><td>$ 709</td><td>$ 600</td><td>8.0% ( 8.0 % )</td><td>18.1% ( 18.1 % )</td></tr><tr><td>3</td><td>operating costs and expenses</td><td>1664</td><td>1487</td><td>1089</td><td>11.9</td><td>36.5</td></tr><tr><td>4</td><td>operating loss before depreciation and amortization</td><td>$ -898 ( 898 )</td><td>$ -778 ( 778 )</td><td>$ -489 ( 489 )</td><td>( 15.5 ) % ( % )</td><td>( 59.1 ) % ( % )</td></tr></table> corporate and other 2013 revenue other revenue primarily relates to comcast spectacor , which owns the philadelphia flyers and the wells fargo center arena in philadelphia , pennsylvania and operates arena management-related businesses . other revenue increased in 2015 and 2014 primarily due to increases in revenue from food and other services associated with new contracts entered into by one of our comcast spectacor businesses . the increase in other revenue in 2014 was also due to an increase in revenue associated with newly acquired businesses . corporate and other 2013 operating costs and expenses corporate and other operating costs and expenses primarily include overhead , personnel costs , the costs of corporate initiatives and branding , and operating costs and expenses associated with comcast spectacor . excluding transaction costs associated with the time warner cable merger and related divestiture trans- actions of $ 178 million and $ 237 million in 2015 and 2014 , respectively , corporate and other operating costs and expenses increased 19% ( 19 % ) in 2015 . this was primarily due to $ 56 million of expenses related to a contract settlement , an increase in expenses related to corporate strategic business initiatives and an increase in operating costs and expenses at comcast spectacor primarily associated with new contracts entered into by one of its businesses . corporate and other operating costs and expenses increased in 2014 primarily due to $ 237 million of transaction-related costs associated with the time warner cable merger and related divest- iture transactions , as well as an increase in operating costs and expenses associated with new contracts entered into by one of our comcast spectacor businesses . comcast 2015 annual report on form 10-k 60 .\nQuestion: what is the sum of revenues from 2015 and 2014?\nAnswer: 1475.0\nQuestion: what were revenues in 2013?\nAnswer: 600.0\nQuestion: what is the total sum?\nAnswer: 2075.0\nQuestion: what is the average per year?\n" }, { "role": "agent", "content": "691.66667" } ]
CONVFINQA6568	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nf0b7 free cash flow 2013 cash generated by operating activities totaled $ 6.2 billion , reduced by $ 3.6 billion for cash used in investing activities and a 37% ( 37 % ) increase in dividends paid , yielding free cash flow of $ 1.4 billion . free cash flow is defined as cash provided by operating activities ( adjusted for the reclassification of our receivables securitization facility ) , less cash used in investing activities and dividends paid . free cash flow is not considered a financial measure under accounting principles generally accepted in the u.s . ( gaap ) by sec regulation g and item 10 of sec regulation s-k and may not be defined and calculated by other companies in the same manner . we believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings . free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities . the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions 2012 2011 2010 . <table class='wikitable'><tr><td>1</td><td>millions</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>cash provided by operating activities</td><td>$ 6161</td><td>$ 5873</td><td>$ 4105</td></tr><tr><td>3</td><td>receivables securitization facility [a]</td><td>-</td><td>-</td><td>400</td></tr><tr><td>4</td><td>cash provided by operating activities adjusted for the receivables securitizationfacility</td><td>6161</td><td>5873</td><td>4505</td></tr><tr><td>5</td><td>cash used in investing activities</td><td>-3633 ( 3633 )</td><td>-3119 ( 3119 )</td><td>-2488 ( 2488 )</td></tr><tr><td>6</td><td>dividends paid</td><td>-1146 ( 1146 )</td><td>-837 ( 837 )</td><td>-602 ( 602 )</td></tr><tr><td>7</td><td>free cash flow</td><td>$ 1382</td><td>$ 1917</td><td>$ 1415</td></tr></table> [a] effective january 1 , 2010 , a new accounting standard required us to account for receivables transferred under our receivables securitization facility as secured borrowings in our consolidated statements of financial position and as financing activities in our consolidated statements of cash flows . the receivables securitization facility is included in our free cash flow calculation to adjust cash provided by operating activities as though our receivables securitization facility had been accounted for under the new accounting standard for all periods presented . 2013 outlook f0b7 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the communities we serve . we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , training and employee engagement , and targeted capital investments . we will continue using and expanding the deployment of total safety culture throughout our operations , which allows us to identify and implement best practices for employee and operational safety . derailment prevention and the reduction of grade crossing incidents are critical aspects of our safety programs . we will continue our efforts to increase rail defect detection ; improve or close crossings ; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs ( including risk assessment strategies ) , various industry programs and local community activities across our network . f0b7 network operations 2013 we will continue focusing on our six critical initiatives to improve safety , service and productivity during 2013 . we are seeing solid contributions from reducing variability , continuous improvements , and standard work . resource agility allows us to respond quickly to changing market conditions and network disruptions from weather or other events . the railroad continues to benefit from capital investments that allow us to build capacity for growth and harden our infrastructure to reduce failure . f0b7 fuel prices 2013 uncertainty about the economy makes projections of fuel prices difficult . we again could see volatile fuel prices during the year , as they are sensitive to global and u.s . domestic demand , refining capacity , geopolitical events , weather conditions and other factors . to reduce the impact of fuel price on earnings , we will continue seeking cost recovery from our customers through our fuel surcharge programs and expanding our fuel conservation efforts . f0b7 capital plan 2013 in 2013 , we plan to make total capital investments of approximately $ 3.6 billion , including expenditures for positive train control ( ptc ) , which may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments . ( see further discussion in this item 7 under liquidity and capital resources 2013 capital plan. ) .\nQuestion: what was the total of the planned 2013 capital investments, in billions?\nAnswer: 3.6\nQuestion: and how much is that in millions?\nAnswer: 3600.0\nQuestion: and what percentage did this total represent in relation to the 2012 free cash flow?\n" }, { "role": "agent", "content": "2.60492" } ]
CONVFINQA6315	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nour refining and wholesale marketing gross margin is the difference between the prices of refined products sold and the costs of crude oil and other charge and blendstocks refined , including the costs to transport these inputs to our refineries , the costs of purchased products and manufacturing expenses , including depreciation . the crack spread is a measure of the difference between market prices for refined products and crude oil , commonly used by the industry as a proxy for the refining margin . crack spreads can fluctuate significantly , particularly when prices of refined products do not move in the same relationship as the cost of crude oil . as a performance benchmark and a comparison with other industry participants , we calculate midwest ( chicago ) and u.s . gulf coast crack spreads that we feel most closely track our operations and slate of products . posted light louisiana sweet ( 201clls 201d ) prices and a 6-3-2-1 ratio of products ( 6 barrels of crude oil producing 3 barrels of gasoline , 2 barrels of distillate and 1 barrel of residual fuel ) are used for the crack spread calculation . our refineries can process significant amounts of sour crude oil which typically can be purchased at a discount to sweet crude oil . the amount of this discount , the sweet/sour differential , can vary significantly causing our refining and wholesale marketing gross margin to differ from the crack spreads which are based upon sweet crude . in general , a larger sweet/sour differential will enhance our refining and wholesale marketing gross margin . in 2009 , the sweet/sour differential narrowed , due to a variety of worldwide economic and petroleum industry related factors , primarily related to lower hydrocarbon demand . sour crude accounted for 50 percent , 52 percent and 54 percent of our crude oil processed in 2009 , 2008 and 2007 . the following table lists calculated average crack spreads for the midwest ( chicago ) and gulf coast markets and the sweet/sour differential for the past three years . ( dollars per barrel ) 2009 2008 2007 . <table class='wikitable'><tr><td>1</td><td>( dollars per barrel )</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>chicago lls 6-3-2-1</td><td>$ 3.52</td><td>$ 3.27</td><td>$ 8.87</td></tr><tr><td>3</td><td>u.s . gulf coast lls 6-3-2-1</td><td>$ 2.54</td><td>$ 2.45</td><td>$ 6.42</td></tr><tr><td>4</td><td>sweet/sour differential ( a )</td><td>$ 5.82</td><td>$ 11.99</td><td>$ 11.59</td></tr></table> sweet/sour differential ( a ) $ 5.82 $ 11.99 $ 11.59 ( a ) calculated using the following mix of crude types as compared to lls. : 15% ( 15 % ) arab light , 20% ( 20 % ) kuwait , 10% ( 10 % ) maya , 15% ( 15 % ) western canadian select , 40% ( 40 % ) mars . in addition to the market changes indicated by the crack spreads and sweet/sour differential , our refining and wholesale marketing gross margin is impacted by factors such as : 2022 the types of crude oil and other charge and blendstocks processed , 2022 the selling prices realized for refined products , 2022 the impact of commodity derivative instruments used to manage price risk , 2022 the cost of products purchased for resale , and 2022 changes in manufacturing costs , which include depreciation . manufacturing costs are primarily driven by the cost of energy used by our refineries and the level of maintenance costs . planned turnaround and major maintenance activities were completed at our catlettsburg , garyville , and robinson refineries in 2009 . we performed turnaround and major maintenance activities at our robinson , catlettsburg , garyville and canton refineries in 2008 and at our catlettsburg , robinson and st . paul park refineries in 2007 . our retail marketing gross margin for gasoline and distillates , which is the difference between the ultimate price paid by consumers and the cost of refined products , including secondary transportation and consumer excise taxes , also impacts rm&t segment profitability . there are numerous factors including local competition , seasonal demand fluctuations , the available wholesale supply , the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year . refined product demand increased for several years until 2008 when it decreased due to the combination of significant increases in retail petroleum prices , a broad slowdown in general economic activity , and the impact of increased ethanol blending into gasoline . in 2009 refined product demand continued to decline . for our marketing area , we estimate a gasoline demand decline of about one percent and a distillate demand decline of about 12 percent from 2008 levels . market demand declines for gasoline and distillates generally reduce the product margin we can realize . we also estimate gasoline and distillate demand in our marketing area decreased about three percent in 2008 compared to 2007 levels . the gross margin on merchandise sold at retail outlets has been historically less volatile. .\nQuestion: what was the difference in average crack spread for chicago between 2007 and 2009?\nAnswer: -5.35\nQuestion: and the percentage change?\n" }, { "role": "agent", "content": "-0.60316" } ]
CONVFINQA3199	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nas described above , the borrowings are extended on a non-recourse basis . as such , there is no credit or market risk exposure to us on the assets , and as a result the terms of the amlf permit exclusion of the assets from regulatory leverage and risk-based capital calculations . the interest rate on the borrowings is set by the federal reserve bank , and we earn net interest revenue by earning a spread on the difference between the yield we earn on the assets and the rate we pay on the borrowings . for 2008 , we earned net interest revenue associated with this facility of approximately $ 68 million . separately , we currently maintain a commercial paper program under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue . at december 31 , 2008 and 2007 , $ 2.59 billion and $ 2.36 billion , respectively , of commercial paper were outstanding . in addition , state street bank currently has board authority to issue bank notes up to an aggregate of $ 5 billion , including up to $ 2.48 billion of senior notes under the fdic 2019s temporary liquidity guarantee program , instituted by the fdic in october 2008 for qualified senior debt issued through june 30 , 2009 , and up to $ 1 billion of subordinated bank notes ( see note 10 ) . at december 31 , 2008 and 2007 , no notes payable were outstanding , and at december 31 , 2008 , all $ 5 billion was available for issuance . state street bank currently maintains a line of credit of cad $ 800 million , or approximately $ 657 million , to support its canadian securities processing operations . the line of credit has no stated termination date and is cancelable by either party with prior notice . at december 31 , 2008 , no balance was due on this line of credit . note 9 . restructuring charges in december 2008 , we implemented a plan to reduce our expenses from operations and support our long- term growth . in connection with this plan , we recorded aggregate restructuring charges of $ 306 million in our consolidated statement of income . the primary component of the plan was an involuntary reduction of approximately 7% ( 7 % ) of our global workforce , which reduction we expect to be substantially completed by the end of the first quarter of 2009 . other components of the plan included costs related to lease and software license terminations , restructuring of agreements with technology providers and other costs . of the aggregate restructuring charges of $ 306 million , $ 243 million related to severance , a portion of which will be paid in a lump sum or over a defined period , and a portion of which will provide related benefits and outplacement services for approximately 2100 employees identified for involuntary termination in connection with the plan ; $ 49 million related to future lease obligations and write-offs of capitalized assets , including $ 23 million for impairment of other intangible assets ; $ 10 million of costs associated with information technology and $ 4 million of other restructuring costs . the severance component included $ 47 million related to accelerated vesting of equity-based compensation . in december 2008 , approximately 620 employees were involuntarily terminated and left state street . the following table presents the activity in the related balance sheet reserve for 2008 . ( in millions ) severance lease and write-offs information technology other total . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>severance</td><td>lease and asset write-offs</td><td>information technology</td><td>other</td><td>total</td></tr><tr><td>2</td><td>initial accrual</td><td>$ 250</td><td>$ 42</td><td>$ 10</td><td>$ 4</td><td>$ 306</td></tr><tr><td>3</td><td>payments and adjustments</td><td>-20 ( 20 )</td><td>-25 ( 25 )</td><td>-10 ( 10 )</td><td>-1 ( 1 )</td><td>-56 ( 56 )</td></tr><tr><td>4</td><td>balance at december 31 2008</td><td>$ 230</td><td>$ 17</td><td>2014</td><td>$ 3</td><td>$ 250</td></tr></table> .\nQuestion: what was the change in value of commercial papers outstanding from 2007 to 2008?\nAnswer: 0.23\nQuestion: what was the value of outstanding commercial papers in 2007?\nAnswer: 2.36\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "0.09746" } ]
CONVFINQA6346	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nentergy new orleans , inc . management's financial discussion and analysis 2007 compared to 2006 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges . following is an analysis of the change in net revenue comparing 2007 to 2006 . amount ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in millions )</td></tr><tr><td>2</td><td>2006 net revenue</td><td>$ 192.2</td></tr><tr><td>3</td><td>fuel recovery</td><td>42.6</td></tr><tr><td>4</td><td>volume/weather</td><td>25.6</td></tr><tr><td>5</td><td>rider revenue</td><td>8.5</td></tr><tr><td>6</td><td>net wholesale revenue</td><td>-41.2 ( 41.2 )</td></tr><tr><td>7</td><td>other</td><td>3.3</td></tr><tr><td>8</td><td>2007 net revenue</td><td>$ 231.0</td></tr></table> the fuel recovery variance is due to the inclusion of grand gulf costs in fuel recoveries effective july 1 , 2006 . in june 2006 , the city council approved the recovery of grand gulf costs through the fuel adjustment clause , without a corresponding change in base rates ( a significant portion of grand gulf costs was previously recovered through base rates ) . the volume/weather variance is due to an increase in electricity usage in the service territory in 2007 compared to the same period in 2006 . the first quarter 2006 was affected by customer losses following hurricane katrina . entergy new orleans estimates that approximately 132000 electric customers and 86000 gas customers have returned and are taking service as of december 31 , 2007 , compared to approximately 95000 electric customers and 65000 gas customers as of december 31 , 2006 . billed retail electricity usage increased a total of 540 gwh compared to the same period in 2006 , an increase of 14% ( 14 % ) . the rider revenue variance is due primarily to a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006 . the approved storm reserve has been set to collect $ 75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account . the settlement agreement is discussed in note 2 to the financial statements . the net wholesale revenue variance is due to more energy available for resale in 2006 due to the decrease in retail usage caused by customer losses following hurricane katrina . in addition , 2006 revenue includes the sales into the wholesale market of entergy new orleans' share of the output of grand gulf , pursuant to city council approval of measures proposed by entergy new orleans to address the reduction in entergy new orleans' retail customer usage caused by hurricane katrina and to provide revenue support for the costs of entergy new orleans' share of grand other income statement variances 2008 compared to 2007 other operation and maintenance expenses decreased primarily due to : a provision for storm-related bad debts of $ 11 million recorded in 2007 ; a decrease of $ 6.2 million in legal and professional fees ; a decrease of $ 3.4 million in employee benefit expenses ; and a decrease of $ 1.9 million in gas operations spending due to higher labor and material costs for reliability work in 2007. .\nQuestion: what was the net change in net revenue for entergy new orleans from 2006 to 2007?\nAnswer: 38.8\nQuestion: what were net revenues in 2006?\n" }, { "role": "agent", "content": "192.2" } ]
CONVFINQA7967	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\ncompany stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index . the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s . technology index on september 30 , 2006 . data points on the graph are annual . note that historic stock price performance is not necessarily indicative of future stock price performance . comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc . s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends . fiscal year ending september 30 . copyright a9 2011 s&p , a division of the mcgraw-hill companies inc . all rights reserved . copyright a9 2011 dow jones & co . all rights reserved . september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . <table class='wikitable'><tr><td>1</td><td>-</td><td>september 30 2006</td><td>september 30 2007</td><td>september 30 2008</td><td>september 30 2009</td><td>september 30 2010</td><td>september 30 2011</td></tr><tr><td>2</td><td>apple inc .</td><td>$ 100</td><td>$ 199</td><td>$ 148</td><td>$ 241</td><td>$ 369</td><td>$ 495</td></tr><tr><td>3</td><td>s&p 500</td><td>$ 100</td><td>$ 116</td><td>$ 91</td><td>$ 85</td><td>$ 93</td><td>$ 94</td></tr><tr><td>4</td><td>s&p computer hardware</td><td>$ 100</td><td>$ 148</td><td>$ 124</td><td>$ 147</td><td>$ 174</td><td>$ 197</td></tr><tr><td>5</td><td>dow jones us technology</td><td>$ 100</td><td>$ 123</td><td>$ 94</td><td>$ 104</td><td>$ 117</td><td>$ 120</td></tr></table> .\nQuestion: what was the value of apple inc in 2010?\nAnswer: 369.0\nQuestion: what was the 2006 value?\nAnswer: 100.0\nQuestion: what was the net change in value?\nAnswer: 269.0\nQuestion: what is the percent change?\n" }, { "role": "agent", "content": "2.69" } ]
CONVFINQA4017	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\n2010 . on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 . the redemption resulted in a $ 5 million early extinguishment charge . receivables securitization facility 2013 at december 31 , 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility . ( see further discussion of our receivables securitization facility in note 10. ) 15 . variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) . these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities ) and have no other activities , assets or liabilities outside of the lease transactions . within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices . depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 4.2 billion as of december 31 , 2010 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2010 and 2009 included $ 2520 million , net of $ 901 million of accumulated depreciation , and $ 2754 million , net of $ 927 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2010 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2011</td><td>$ 613</td><td>$ 311</td></tr><tr><td>3</td><td>2012</td><td>526</td><td>251</td></tr><tr><td>4</td><td>2013</td><td>461</td><td>253</td></tr><tr><td>5</td><td>2014</td><td>382</td><td>261</td></tr><tr><td>6</td><td>2015</td><td>340</td><td>262</td></tr><tr><td>7</td><td>later years</td><td>2599</td><td>1355</td></tr><tr><td>8</td><td>total minimum lease payments</td><td>$ 4921</td><td>$ 2693</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-784 ( 784 )</td></tr><tr><td>10</td><td>present value of minimum lease payments</td><td>n/a</td><td>$ 1909</td></tr></table> the majority of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 624 million in 2010 , $ 686 million in 2009 , and $ 747 million in 2008 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant. .\nQuestion: what was the rent expense for operating leases with terms exceeding one month in 2010?\nAnswer: 624.0\nQuestion: what was the value in 2009?\n" }, { "role": "agent", "content": "686.0" } ]
CONVFINQA3511	[ { "role": "human", "content": "Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.\n\nmanagement 2019s discussion and analysis net revenues in equities were $ 8.21 billion for 2012 , essentially unchanged compared with 2011 . net revenues in securities services were significantly higher compared with 2011 , reflecting a gain of $ 494 million on the sale of our hedge fund administration business . in addition , equities client execution net revenues were higher than 2011 , primarily reflecting significantly higher results in cash products , principally due to increased levels of client activity . these increases were offset by lower commissions and fees , reflecting declines in the united states , europe and asia . our average daily volumes during 2012 were lower in each of these regions compared with 2011 , consistent with listed cash equity market volumes . during 2012 , equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels . the net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $ 714 million ( $ 433 million and $ 281 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2012 , compared with a net gain of $ 596 million ( $ 399 million and $ 197 million related to fixed income , currency and commodities client execution and equities client execution , respectively ) for 2011 . during 2012 , institutional client services operated in an environment generally characterized by continued broad market concerns and uncertainties , although positive developments helped to improve market conditions . these developments included certain central bank actions to ease monetary policy and address funding risks for european financial institutions . in addition , the u.s . economy posted stable to improving economic data , including favorable developments in unemployment and housing . these improvements resulted in tighter credit spreads , higher global equity prices and lower levels of volatility . however , concerns about the outlook for the global economy and continued political uncertainty , particularly the political debate in the united states surrounding the fiscal cliff , generally resulted in client risk aversion and lower activity levels . also , uncertainty over financial regulatory reform persisted . operating expenses were $ 12.48 billion for 2012 , 3% ( 3 % ) lower than 2011 , primarily due to lower brokerage , clearing , exchange and distribution fees , and lower impairment charges , partially offset by higher net provisions for litigation and regulatory proceedings . pre- tax earnings were $ 5.64 billion in 2012 , 27% ( 27 % ) higher than 2011 . investing & lending investing & lending includes our investing activities and the origination of loans to provide financing to clients . these investments , some of which are consolidated , and loans are typically longer-term in nature . we make investments , directly and indirectly through funds that we manage , in debt securities and loans , public and private equity securities , and real estate entities . the table below presents the operating results of our investing & lending segment. . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>year ended december 2013</td><td>year ended december 2012</td><td>year ended december 2011</td></tr><tr><td>2</td><td>equity securities</td><td>$ 3930</td><td>$ 2800</td><td>$ 603</td></tr><tr><td>3</td><td>debt securities and loans</td><td>1947</td><td>1850</td><td>96</td></tr><tr><td>4</td><td>other</td><td>1141</td><td>1241</td><td>1443</td></tr><tr><td>5</td><td>total net revenues</td><td>7018</td><td>5891</td><td>2142</td></tr><tr><td>6</td><td>operating expenses</td><td>2684</td><td>2666</td><td>2673</td></tr><tr><td>7</td><td>pre-tax earnings/ ( loss )</td><td>$ 4334</td><td>$ 3225</td><td>$ -531 ( 531 )</td></tr></table> 2013 versus 2012 . net revenues in investing & lending were $ 7.02 billion for 2013 , 19% ( 19 % ) higher than 2012 , reflecting a significant increase in net gains from investments in equity securities , driven by company-specific events and stronger corporate performance , as well as significantly higher global equity prices . in addition , net gains and net interest income from debt securities and loans were slightly higher , while other net revenues , related to our consolidated investments , were lower compared with 2012 . if equity markets decline or credit spreads widen , net revenues in investing & lending would likely be negatively impacted . operating expenses were $ 2.68 billion for 2013 , essentially unchanged compared with 2012 . operating expenses during 2013 included lower impairment charges and lower operating expenses related to consolidated investments , partially offset by increased compensation and benefits expenses due to higher net revenues compared with 2012 . pre-tax earnings were $ 4.33 billion in 2013 , 34% ( 34 % ) higher than 2012 . 52 goldman sachs 2013 annual report .\nQuestion: what portion of total revenues is generated through equity securities in 2013?\nAnswer: 0.55999\nQuestion: what percentage were pre-tax earnings higher in 2013?\nAnswer: 0.34\nQuestion: what about as a percentage of 2013?\n" }, { "role": "agent", "content": "0.66" } ]

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